HSBC: European Refugee Crisis (Slightly) Hurting German GDPMark Melin
As terrorist events grip Belgium and Europe at large, an HSBC economics piece considers the costs of the European refugee crisis. From an economic standpoint, the near $15,600 (USD) cost the government pays in subsidies – nearly 90% direct subsidies given to refugees each year – is problematic but manageable for the German government. It is the political equation that is causing German Chancellor Angela Merkel the real problems.
European refugee . . .
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