- Germany's Bertelsmann Foundation’s study: a Schengen collapse could cost up to €1.4 trillion or 10% of GDP between 2016 and 2025
Market news
23 February 2016
Germany's Bertelsmann Foundation’s study: a Schengen collapse could cost up to €1.4 trillion or 10% of GDP between 2016 and 2025
Germany's Bertelsmann Foundation said in its study on Monday that a Schengen collapse could cost up to €1.4 trillion or 10% of GDP between 2016 and 2025.
"If border controls are reinstated within Europe, already weak growth will come under additional pressure," president of Bertelsmann, Aart De Geus, said.
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