Spectator on facebook

Spectator on facebook

End of Schengen area would be expensive

If border checks are resumed, Slovakia could lose between €1.5-7 billion in the next 10 years.

(Source: Sme)

Border closures are often mentioned in connection with the migration crisis, but the end of the Schengen area would be expensive, the Sme daily wrote on March 24.

Freedom and Solidarity Party (SaS) leader Richard Sulík stated immediately after the bomb attacks in Brussels on March 22 that Europe must close its borders.

A number of countries have been carrying out enhanced checks on their state borders for some time. However, the introduction of more permanent border controls or the scrapping of the Schengen zone altogether would have a negative impact on the economies of individual member states and the European Union as a whole, Sme wrote.

Prečítajte si tiež: Prečítajte si tiež:Interior Ministry rejects idea of mini-Schengen

If border checks are resumed, Slovakia could lose between €1.5-7 billion in 10 years, as its economy would slow down. In the best case scenario the deceleration would be 0.03 percentage points annually, while in the worst case it would reach 0.14 percentage points, according to a study by the Bertelsmann Foundation, which also carries out large international study projects. Any reintroduction of border checks would increase the cost of trading abroad.

Last month, the European Commission published an estimate stating that the reintroduction of border controls throughout the whole Schengen area would increase the costs of transporting goods by €55,000 per lorry per year. Slovakia is an export-oriented country which focuses on trading with other countries.

Topic: Migration crisis


Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

The most famous circus comes to town Video

The famous Cirque du Soleil is in Bratislava celebrating the 15th year of its show Varekai: Tales of the Forest.

Cirque du Soleil: Varekai

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.