Euro Collapsing Thanks to Another Brain-Dead EU Proposal

by Martin Armstrong
Armstrong Economics

Merkel’s failed refugee policy is destroying the fabric of Europe and raising international concerns that Europeans may need visas because she has introduce the prospect of ISIS using Europe as a stepping to get into the USA. Now, Merkel’s policy is forcing other countries to take refugees. The European Commission now wants to compel European member states to accept refugees by imposing a fine of 250,000 euros per applicant they deny.

Instead of admitting a huge mistake, they are creating a mandatory option that will only bring in more “refugees”. About 80% of the “refugees” are not even from Syria. Merkel’s policy is tearing Europe apart at the seams. Unless they deal with the issue directly and publicly by stating ALL refugees will be turned away, the crisis will only get worse. These are people migrating to Europe from northern Africa and other places who are using this policy as a gateway to the promised land.

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