“The migrant crisis could cost the German taxpayer 1,000,000,000,000 euros,” Voice of Europe, April 11, 2018:
In his autobiography, “In search of the truth”, famous German economist Hans-Werner Sinn says the migrant crisis could cost the country almost one trillion euros, Focus reports. Sinn is a former advisor of Angela Merkel and retired president of the IFO Institute for Economic Research.
Germany accepted 1.5 million migrants since 2015 and Sinn says they are not dentists, lawyers and nuclear scientists, but mostly underqualified immigrants. According to him, these people can never repay what they have received from the German welfare state during their lifetimes.
While German states spent more than €20bn on refugees in 2016, it’s easy to see why Sinn’s one trillion euros estimate is a serious possibility, when looking at lifetime support for migrants. At the same time family reunifications and higher security costs are not (yet) part of the budget….