Arab Today, arab today eu to weigh economic costs of refugee crisis
Last Updated : GMT 21:16:49
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.

 

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 Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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