Censor.NET informs citing Interfax-Ukraine.
Collapse of the Schengen Area may cost its members up to €18 billion, according to a document published by the EC. It notes in particular that additional border control measures will cost the EU countries €7.1 billion EUR.
As previously stated by European Commission President Jean-Claude Juncker, the already introduced restrictions will cost €3 billion per year, Deutsche Welle reports.
In addition, the EC highlighted indirect losses that will result from the cancellation of the Schengen Area rules. The first to suffer will be transportation, logistics, and labor market. Restoration of the visa regime will cause the tourism industry to lose €10-20 billion a year.
However, Brussels and the EU demanded from Greece to make more efforts in addressing migration crisis and border protection. In particular, the EC told Athens about the lack of primary reception facilities for refugees and urged the Greek authorities to remedy the situation on its borders within three months.
According to the EU, out of 800,000 migrants who came to Greece in 2015, only 16,000 were deported. At the same time, European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos said that the situation in Greece would not be so difficult if the country received support from its EU neighbors.