The refugee crisis, driven by war, has the potential to become a major source of finger pointing as the global economy contracts. Refugees have no impact on the economic cycles and trend but they will be blamed.
Headline: Europe Fortifies Frontier as Germany Imposes Border Controls
European Union countries followed Germany’s lead to fortify their frontiers, slowing the movement of goods on the continent as lines of cars formed in some border areas.
Germany’s move on Sunday to introduce the temporary controls on the southern border with Austria, where thousands of migrants have been crossing into the country, set off a ripple effect as others further tightened their frontiers. Austria and Slovakia said they will send more troops to patrol their borders, while Poland said it was ready to take similar actions should such a move prove necessary. The Netherlands also planned to beef up border checks as Hungary blocked a main railroad link used to enter the country from Serbia.
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