Home/EUR/Forex News Round Up/USD

Merkel to Meet with European Leaders on Immigration

Share Print 0

German Chancellor Angela Merkel will meet some of her European Union peers on Sunday to try break a deadlock on migration and head off a possible clash over the bitterly-contested issue at a June 28-29 EU summit.

Merkel will be joined by French President Emmanuel Macron, as well as the leaders of Bulgaria and Austria, among others, to explore how to prevent people from moving around the bloc after they have already claimed asylum in one of the Mediterranean states of arrival.



Such secondary movements are illegal under EU law but have been widespread since immigration to Europe peaked in 2015, when more than a million refugees and migrants arrived from the Middle East and Africa.

The bloc has since been bitterly at odds over how to share out the responsibility of taking care of them.

The eastern EU states led by Poland and Hungary refuse to host some of the new arrivals to alleviate the burden on coastal Italy and Greece and the wealthy countries like Germany where people mostly want to end up.

Immigration figures are now much lower, with only 41,000 sea arrivals so far this year, according to U.N. data.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

Back to Top