Germans Could Need To Work Until Their 70s, To Pay For Hundreds Of Thousands Of Refugees On Welfare

From Voice of Europe:

What is the cost of the mass wave of immigration on Europe, and in particular Germany – the country whose leader, Angela Merkel, infamously declared “Refugees Welcome” in the fateful summer of 2015 causing asylum seeking (and economic) migration to spike?

The short answer is – we don’t know exactly, but it is painfully high, and rising.

In Feb 2016, Professor Matthias Lücke of Kiel University, calculated the cost would be €25.7 Billion of German taxpayer funds. The costs would rise to €37 Billion for 2017 and soar to €55 Billion by 2022.

Just 5 months later another Economist, Dr Bernd Raffelhüschen, had calculated the total amount of debt incurred to pay for the mainly Arab, 70% unskilled migrants, would balloon to €1.5 TRILLION over their stay in Germany.

By February 2017, Merkel’s OWN economic advisor, Hans-Werner Sinn, was warning that total costs could reach €340 Billion, almost 10% of Germany’s total GDP that year. And that same year a study came out showing that these “refugees” are not waiting for their country to end its war, but are planning on staying permanently in Europe.

This will undoubtedly place a significant burden on the dependency ratio – those people who work to sustain those who don’t and live on state aid – which shall force German pensioners to work longer, and increase taxes for every German.

And bear in mind that the economy is already slowing down and that 15% of the elderly and pensioners are now categorized at poverty level according to DW.com – the largest such group in ageing Germany.