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The Multi-Billion-Euro Pricetag Of Shutting Down Schengen

With six European Union countries instituting new border controls, the end of three decades of free movement comes with a heavy price.

The Multi-Billion-Euro Pricetag Of Shutting Down Schengen
Marco Zatterin

BRUSSELS — Thirty years ago, the European Union's passport-free Schengen zone came into being. At the time, the International Monetary Fund estimated that the abolition of border controls on the continent would add 1 to 3% to the area's GDP growth. In the most conservative estimate the pact has brought an additional 28 billion euros in economic growth; the sum could realistically be as high as 50 billion.

This is the scale of the kinds of economic benefits that would be lost if more countries were to re-impose border control, thus ending the three decades of free movement in Europe. And even a partial collapse of the zone could harbor significant costs for all.

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Geopolitics

As Iran Protests Spread, Regime Is Busy Clinging To Power

Facing resurgent protests in several provinces, Iran's clerical regime now relies on two defenses: brute force and Western appeasement. But its days may be numbered as younger Iranians are increasingly emboldened to demand a different future.

A man repairs a carpet in Tehran, Iran

Elahe Boghrat

-Editorial-

Governing ordinarily consists of assuring the security and welfare of a population or nation, within a state or territory. Take away one element from that equation and the government in question begins to move toward failure, defeat, and perhaps its downfall.

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