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migrant crisis

Greece Tourism Sinking Like A Rock

2016-03-23 by Phil Butler

An empty Greece hotel - Michael Hausenblas

According to news from the Bank of Greece, receipts from travel in January decreased by 4.7% year on year, corresponding to a decline in arrivals of 7.8%. Currently Greece’s deficit is at €742 million, up some €461 million euro from the same time last year. The news comes at the worst possible time as economic and political pressures mount in the region.

Tags: Brussels, EU, Greece, migrant crisis, refugees

If Schengen Borders Go Up, Billions Will Be Lost

2016-03-02 by Phil Butler

Hungarian-Serbian border - Délmagyarország/Schmidt Andrea

According to news from various sources, the 26-country Schengen area could suffer a huge blow to its tourism sector stemming from the migrant crisis. Border formalities once eliminated to facilitate ease of travel, may soon be re-instituted if the crisis persists. Some experts fear, if the Schengen zone goes, the EU won’t be far behind.

Tags: EU, Europe, immigration, migrant crisis, migrants, Schengen, visa




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