EU experiment waste: Collapse of passport-free Schengen zone to cost TRILLION pounds

“If border controls are reinstated within Europe, already weak growth will come under additional pressure,” said Bertelsmann Foundation President Aart De Geus.

A collapse of Schengen would increase the the time it takes for goods to be transported across European borders, raising costs for companies and consumers alike.

And it would also increase costs for countries outside the EU, with the combined burden on the US and China over the next 10 years estimated at between 70 billion and 220 billion pounds.

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