Germany structurally earmarks almost 0,5% of GDP refugees
The German magazine “”Der Spiegel” reports that the German Finance Ministry has budgeted that managing the refugee crisis until 2020 will cost Germany approximately €94 billion. That is more than €1.100 per German citizen or around 0.5% of GDP.
The German calculations show at least two things. They acknowledge that the refugee challenge is tough and structural. One of the assumptions is that after 5 years, almost 50% of newcomers still will not have found a job. The calculations also seem to indicate that the Germans want to give a long term commitment to curbing this crisis.
GreenfieldCities is also based on providing a long term commitment to refugees, but stresses the importance of improving conditions in the refugee home regions. That offers much better opportunities to the refugees themselves and regional investors, it creates more economic value as well as environmental benefits and helps to reduce the burden for European tax payers.
See article (in German)