Migrant crisis poses ‘deep’ financial challenge: EIB chief

6 November 2015 06:30 pm - 0 - {{hitsCtrl.values.hits}}

A A A

AFP - The head of the European Investment Bank warned yesterday about what he termed the “deep” financial challenges posed by Europe’s biggest refugee and migrant crisis since World War II.
“It is still a little bit underestimated, but I am sure that the financial dimension of the crisis will reach the tables of finance ministers very soon,” EIB chief Werner Hoyer told delegates at a conference in the Slovak capital Bratislava.

“So we better prepare for it. In many cases this is already the case, but others seem to need more time to recognise how deep the challenge is going to be.“This challenge many people see as a threat, but it also can be seen as a great opportunity.”
Hoyer’s comments come a day after the European Commission said it expected three million refugees and migrants fleeing war and poverty to enter the EU by 2017.

It however said the development is likely to have an overall marginally positive impact on the economy and could boost gross domestic product by 0.2 to 0.3 percent.
“I am firmly sure that we will never be able to cope with this challenge without arriving at a European, solidarity-based solution,” Hoyer added.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Migrant crisis poses ‘deep’ financial challenge: EIB chief

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

On-arrival visa fiasco drains VFS Global’s confidence in Sri Lanka

VFS Global is here to stay for at least 12 years, says Tiran

Sri Lanka face unusual dilemma

“Ranil Ralla” : Will Wickremesinghe ride on a winning wave?

Attempt to send 17 year-old-boy to London on forged documents foiled

AstraZeneca admits for first time its COVID vaccine can cause rare side effect

MIRROR CRICKET

India’s Amul to sponsor Sri Lanka team for T20 World Cup

Shakib threatens to beat up fan over clicking selfie

BCCI breaks silence after Trinidad PM reveals terror threat to T20 World Cup, report says it’s from ISIS

Sri Lanka, Scotland gear up for big final that decides Women’s T20 World Cup groups

TODAY'S HEADLINES

Body of youth who went missing while visiting girlfriend found

Exclude Health Ministry from drug procurement to curb corruption: GMOF urges Govt.

Woman arrested with heroin valued at more than Rs.10 million

Shavendra advises Sri Lankan veterans to avoid mercenary service abroad

India’s Amul to sponsor Sri Lanka team for T20 World Cup

Shakib threatens to beat up fan over clicking selfie

BCCI breaks silence after Trinidad PM reveals terror threat to T20 World Cup, report says it’s from ISIS

Sri Lanka, Scotland gear up for big final that decides Women’s T20 World Cup groups