Europe Split over Closing Greek Borders to Migrants

The leaders of Hungary, Poland, the Czech Republic and Slovakia are meeting Monday to discuss a controversial plan to build a fence in order to stop migrants from entering southern Europe and traveling on through the rest of the region.

Also known as the Visegard (V4) group, representatives of the four countries are holding an informal meeting – ahead of an important European Union (EU) summit Thursday and Friday – to discuss a plan to build a razor-wire fence and close Macedonia and Bulgaria’s borders with Greece, effectively blocking the country from the rest of Europe and signaling the end of the Schengen zone, Europe’s 26-nation passport-free travel region.

In 2015, over a million people reached Europe’s shores — nearly half of them Syrians fleeing a civil war that is entering its fifth year.

However, anti-migrant and anti-refugee sentiment has grown in the past few months, mainly in Central and Southern Europe.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.