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Today the German economy is the 5th largest economy in the world and Europe’s largest, and exports a variety of goods all across the continent including machinery, chemicals, household goods and services, and benefits from a highly skilled labor force.

However like most European countries Germany faces several demographic challenges in sustaining long-term growth, one of which is a declining internal workforce and perhaps the reason for Germany’s open door (at any cost), policy.

Which of course comes with a heavy price tag, to both its national security interests and its economic wellbeing, in that Berlin expects to spend around 93.6 billion euros by the end of 2020 on costs related to the refugee crisis, a magazine said on Saturday, citing a draft from the federal finance ministry for negotiations with the country's 16 states.

Officials based their estimates on 600,000 migrants arriving this year, 400,000 next year and 300,000 in each of the following years, the report said, adding that they expected 55% of recognized refugees to have a job after five years.

However in the mean time the government will spend around 25.7 billion euros ($29.07 billion) in welfare benefits for recognized asylum applicants by the end of 2020, and another 5.7 billion euros would be needed for language courses and 4.6 billion euros would be required for measures to help migrants get jobs.

Germany's states have long complained they cannot cope with the refugee influx and related costs and the report in Der Spiegel said states expected to face costs of 21 billion euros this year, rising to around 30 billion euros per year by 2020.

No doubt with the recent carnage in both Parris and Brussels this is a huge gamble for Germany and for all European countries in that unlike preceding generation of immigrants Muslims seldom assimilate, with an astounding 50% admitting that they want a separate society, and a recent survey found that 13% of Syrian refugees had a “positive” or “positive to some extent” view of the terrorist organization ISIS, which is similar to support for ISIS in the broader Arab world.

Indeed this is a gamble that may in fact in the end prove too costly!

Source: Business Insider


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