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One Million Migrants Is One More Huge Crisis For Europe

The migrant crisis is a huge drain and disruption for Europe it did not need

By Joel Ross | Updated on September 06, 2015

Europe just seems to bounce from crisis to crisis. Just as the Greek crisis is shoved under the rug, in come the migrants. Much as these people need to be helped and cared for, there is no way Europe can just take in one million Muslims in a few weeks and think they can just be absorbed with no ripple effect. Even if all of the migrants are well educated, as many are, and hard working, there is a massive drain on the fiscal system to house, clothe, feed and care for one million new people who arrive with who knows what medical issues. They need to be permanently resettled into communities, and they are all Muslim going into Christian cultures.  There is already a failure to assimilate problem is France, Holland and Belgium, and other places. Now they will add one million more culturally different, unemployed people who come from a vastly different political and cultural world. There has to be disruption of various sorts just to try to get these people acclimated. They lived in a violent world, where there was no real freedom, and mainly fear. That is a very hard transition, especially when they do not speak the local language and have a very different religion. None of this is a good thing for Europe.

Europe continued to struggle with excessive debt, a failure to restructure labor laws, failure to really clean up the bad loans on the books of the banks, excessive corruption in Greece and Italy, and dysfunction politically as we saw in the Greek crisis. Next up is the UK demanding changes to the Eurozone rules next year. The fact that Draghi now suggests there will another round of QE tells us that Europe is still fragile and the economy is far from recovery. Europe has a long way to go and could see real setbacks over the next couple of years as Putin stirs the pot even further.

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