Wednesday, 11 November 2015

The ifo Institute has increased its estimate of the costs of refugees to the state. It now expects them to be 21.1 billion euros for 2015 alone, under the assumption that 1.1 million people will have fled to Germany by the end of the year. "That now includes accommodation, food, nurseries, schools, Germany courses, education and administration," said Gabriel Felbermayr from the ifo Institut on Tuesday in Berlin. Previously the Institute had estimated the costs for the state at 10 billion euros for the first 12 months, only for accommodation and food for 800,000 people.
Source

1 comments:

  1. Germany can always do what it has done in the past and simply print more money. It worked out really well back in the early 30's and it will work out about the same in the late twenty-teens, too.

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