We use cookies to help improve and maintain our site. More information.

August 26, 2016


Will the refugee crisis return?

Frankfurter Allgemeine has an interview with Bojko Borisov, the Bulgarian prime minister, who warned of a return of the refugee crisis. If the Turkey-EU deal fails - as he expects it will if the EU does not deliver its part of the bargain - he would expect the Turkish president Recep Tayyip Erdogan to make good on his threats to flood Europe with immigrants. The problems with threats like these is that you eventually have to fulfil them, or lose your credibility, he said. He complains of a lack of support by the EU for his country, and says Bulgaria was not able to withstand the migration pressure at its borders for much longer. This Saturday, Borisov will meet with Angela Merkel and the prime ministers of Austria, Croatia, and Slovenia, to discuss the strategy. Merkel has failed to win over for refugee quotas the centre-left government of the Czech Republic. Austria's defence minister Hans Peter Doskozil said the situation in Italy was comparable to that of Hungary in the summer of 2015, which triggered the large refugee streams to northern Europe.

Wolfgang Weisgram recalls in Austria's Der Standard that tomorrow is the first anniversary of the day when a truck was found in Austria with over 60 dead refugees. That horrific incident was the symbolic start of the refugee crisis. One and a half million refugees later, the crisis has triggered a deeper and wider confrontation about the future of Europe. The outcome of this historic process is unknown, but its beginning can be timed accurately. It started a year ago.

Greece, meanwhile, faces new challenges with Turkey as seven Turkish civilians arrived in Alexandroupoli and Rhodes expected to request asylum. Their case is set to put yet more strain on already tense relations between the traditional rivals after eight Turkish officers fled to Greece in the aftermath of the attempted coup, Kathimerini reports. Ankara has demanded the immediate extradition of the officers to stand trial for treason. Greece said the decision will rest with its courts, which are independent. Amid the threat that the death penalty could be reintroduced, will Athens allow their extradition to a country where they may risk of torture and execution, or accept a deterioration of the diplomatic relationship between the two countries?

Our other stories

We also have stories on the European economy tanking post-Brexit; on the rise in the EU's current account deficit; on how to avoid a Christmas Day vote in Spain; on the recapitalisation of CGD; on the rise of Arnaud Montebourg; on how Dominique Moisi sees Nicolas Sarkozy's chances; and on the binary choices for the Brexit negotiations.

Eurointelligence Professional Edition

For premium access, please log in or register 
for a free 3 day trial access to the Eurointelligence Professional edition. The best independent intelligence on the eurozone in a fast and easy to read format.

We have a publicly available short version of Eurointelligence Professional Briefing, which focuses on the geopolitical aspects of our news coverage. It appears daily at 2pm CET.  It only covers a portion of the full briefing, which appears at 9am CET, and is only which is available only to subscribers.

A message from Wolfgang Münchau

Welcome to the eurointelligence.com homepage.

Since 2006 we have been providing our readers from central banks, European and international institutions and the financial sector with our daily morning newsbriefing, each morning, at 9am CET, Mondays to Fridays. We are independent from governments and institutions, so you get our honest, sharp and frequently humorous take on the news and the debate. The subjects we are currently focusing on are all the issues relevant to the eurozone - the discussion about Greece, the lacklustre economic recovery in the eurozone, but also external influences, like the discussion on Britain's future in the EU and the EU relations with Russia. 
Many people were surprised by the re-emergence of the eurozone crisis. Eurointelligence readers would not have been. We have given our readers an honest assessment of what and what has not been resolved, at a level of a detail that has no match in the published media. Eurointelligence is the place to go to keep ahead of events in the eurozone.
I would like to invite you to register for a free 3-day trial, without commitment, so you can judge for yourself.

Wolfgang Münchau
Director Eurointelligence