Germany expects up to 1 million asylum seekers this year alone. The upfront costs of housing, education and social care are considerable — but it could stimulate the economy, argues Christian Odendahl of the Centre for European Reform.
As Charles Grant from the Centre for European Reform, says: "The British government has not convinced many of its partners that its concerns about the relationship between the euro and the single market are justified."
As Simon Tilford of the CER, recently argued, there is no way the eurozone will be able to shrug off the global downturn because its post-crisis recovery strategy rests on net exports. The eurozone is headed for a current account surplus of 3.5 per cent of gross domestic product this year.
Catalonia’s elections caused more problems than they solved. Spain and Catalonia need to start a dialogue to reform Spain’s model of regional government. Otherwise, Catalonia will become Europe’s next crisis.