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Europe Daily Bulletin No. 11496

23 February 2016
Contents Publication in full By article 23 / 34
ECONOMY - FINANCE / (ae) economy
End of the Schengen zone will cost at least €500 billion over 10 years, says institute Prognos

Brussels, 22/02/2016 (Agence Europe) - Bringing back controls within the Schengen free movement area would lead to additional costs for trade within the European Union of between €470 and €1,400 billion, according to a study published on Monday 22 February by the German institute Prognos.

The time taken up by controls on the national borders would lead to additional costs in terms of personnel and storage at European level. This situation would also have a negative impact on...

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