Arab Today, arab today eu to weigh economic costs of refugee crisis
Last Updated : GMT 06:23:09
Arab Today, arab today
Arab Today, arab today

EU to weigh economic costs of refugee crisis

Arab Today, arab today

Arab Today, arab today EU to weigh economic costs of refugee crisis

Luxembourg's finance minister Pierre Gramegna (R)
Luxembourg - AFP

The European Commission will weigh the economic cost of the refugee crisis, Luxembourg's finance minister said on Friday, as concern grows over the effects on national budgets of hosting tens of thousands of refugees.

"We have asked the European Commission to make an analysis on what the financial impact will be and can be," said Pierre Gramegna, the finance minister from Luxembourg, which holds the rotating EU presidency.

The request came as the bloc's divided member states argue over a  plan from the commission, the EU's executive, to relocate up to 160,000 refugees from the over-stretched border states of Hungary, Italy and Greece.

But some member states are requesting that EU budget rules be waived to account for the financial cost of accepting refugees and raised their concerns at finance minister talks on Friday.

"The Luxembourg presidency invites the European Commission to examine how the crisis can be considered as extraordinary circumstances (regarding budgetary rules)," Gramegna said after the meeting.

The EU's Economics Affairs Commissioner Pierre Moscovici said Ireland, Austria and Italy brought the concerns to the table.

"The Commission is the guardian of the treaties, and as always it will apply the rules of the Stability and Growth Pact (on budgetary discipline) for all member states, taking all factors into consideration," Moscovici said.  
Irish Junior Minister for Finance Simon Harris estimated the that the cost for Ireland would be in the tens of millions.

"The cost to Ireland - and I don't like talking to this in terms of costs because we are talking about people's lives - of accommodating 4,000 refugees is in or around 48 million (euros) ($54 million)," said Harris.

At the talks, European Investment Bank head Werner Hoyer briefed the ministers on a plan to help finance and organise reception facilities for the refugees across the EU.

"This is the biggest change of the political landscape since the fall of the Berlin Wall; this will occupy us for years," Hoyer said.

Finland's Finance Minister Alexander Stubb said the refugee crisis was a "historic" challenge for the EU.

"This is a defining moment in European integration and in many ways a much more critical issue than we've had with the euro crisis," said Stubb.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu to weigh economic costs of refugee crisis Arab Today, arab today eu to weigh economic costs of refugee crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu to weigh economic costs of refugee crisis Arab Today, arab today eu to weigh economic costs of refugee crisis

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday