Should we leave or terminate the Schengen area? This question is at the center of a major debate in Europe, but the economic consequences could be disastrous. Indeed, the experts suggest a loss of 100 billion euros. The European Union
Must exit or terminate the Schengen area? This question is at the center of a major debate in Europe, but the economic consequences could be disastrous. Indeed, the experts suggest a loss of 100 billion euros.
The European Union would lose 100 billion euros by 2025
With the stream migration, exports or terrorism, the issue of the Schengen area keeps coming up in discussions. therefore political and throw the ball some parties like the National Front require exit of France. However, many users who wonder about the possible consequences of such a release. One study attempted to answer this question by encrypting the generated loss. According to Strategy France who shares his findings on Wednesday, the European economy is still largely impacted including a shortfall of 100 billion euros.
The end of the Schengen area would create costs astronomical
on the side of France, the loss amounted to 13 billion euros and it is not trivial to the experts. Indeed, such a sum still represents 0.5 percentage point of GDP. Taking into account all the countries of the European Union, the consequences are more important, because the amount is practically multiplied by 10. The study mentions a loss of 100 billion euros, representing 0.8 point this time GDP. Therefore, the question of the end of the Schengen area should be approached with the utmost rigor.
A significant loss of time for frontier workers
The study shows the financial impact is not only a shame, because a return of borders would fall by 5% tourist flows, 350,000 french workers who are on the border would lose considerable time. One example is the same statement for Oresung bridge between Denmark and Sweden. People working at the border must submit to an audit of compulsory identity. This thus requires an additional 45 minutes it takes thereby add to travel time. Finally, if the experts focus only on France, be aware that exports could suffer a sharp decline of 11.4%.
The Schengen area
The Schengen area includes the territories of 26 European states that have implemented the Schengen agreement and the Schengen Convention signed in Schengen (Luxembourg), in 1985 and 1990. the Schengen area operates as a single space for international travel and border controls for travel without internal border control.
Schengen standards have been absorbed by the law of the European Union through the Amsterdam Treaty in 1999 although the space also includes four non-Member States of the European Union – Iceland, Liechtenstein, Norway and Switzerland – and de facto three European micro-states – Monaco, San Marino, and the Vatican. All States of the Union, but two – Ireland and the United Kingdom – must ultimately implement the Schengen acquis. With the exception of Bulgaria, Cyprus, Croatia and Romania, all other Member States already participate. The Schengen area currently encompasses more than 400000000 inhabitants in an area of 4,312,099 km . It is now part of the area of freedom, security and justice EU.
The implementation of the standards of the Schengen area involves eliminating border controls between members Schengen and strengthening border controls between members of the Schengen area and those who are not members (boundaries called “external”, that is to say, the three Member States pending the setting work on the one hand, and third countries, on the other). Finally, it means the provisions on a common policy on the temporary entry of persons (including the Schengen visa up to three months), the harmonization of external border controls, a border police cooperation and judicial cooperation. (Source wikipedia)
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