Just how much is it costing to resettle the refugees?
Australia undertook to take 12,000 Syrian refugees and budgeted AUD 700 million for this purpose.
That's AUD 58,000 per person - take AUD 58 billion for a million on the same basis.
Livingston nh 19:39:04 GMT - 03/13/2016
John -- first, Germany hasn't gotten the bill yet for Merkel's Open Door policy; second, the Turkish extortion deal is being "reviewed" by other EU countries and Merkel was in a bad situation w/ most of these, but now needs to go back to Erdogan next week in a weaker position // so the chaos will continue, Tusk and Juncker are listening to EU members more than Merkel, UK in Brexit mode, some EU countries w/o governing parties and how long is Greece going to keep the burden if Turkey says NO ------ So no EU deal and nation states will keep closing borders
The CDU may stick /w Merkel but she would need to get off her high horse and quit lecturing, policy based on morality instead of politics is bad for business
This is bigger than the Greek soap opera by a long shot
Sydney ACC 19:30:08 GMT - 03/13/2016
Marie Le Pen must be heartened with the result achieved by AfD. They've come from nowhere to achieve over 20% in Saxony-Anhalt plus more than 10% of the vote in three other regions.
According to various commentators there seems little prospect of Merkel being deposed, there's no obvious alternative.
There's likely to be a build up in talk about Europe fragmenting post-Brexit and today's elections will add heat to that chatter.
All in all not good for the euro but not catastrophic.
GVI Forex john bland 18:40:14 GMT - 03/13/2016
I am trying to figure out the forex implications, if any for Chancellor Merkel's regional losses Sunday due to her immigration policies. I think they were significant and she is the defacto leader of Europe...
Livingston nh 18:29:33 GMT - 03/13/2016
"Chancellor Angela Merkel's conservatives lost out in two out of three regional state elections on Sunday as Germans gave a thumbs-down to her accommodating refugee policy with a big vote for the anti-immigration Alternative for Germany (AfD).
The poor showing in both Baden-Wuerttemberg and Rhineland-Palatinate represented a worst-case scenario for Merkel, who has staked her legacy on her decision last year to open Germany's doors to over 1 million migrants.
The backlash was also visible in Saxony-Anhalt in former East Germany, where Merkel's conservative Christian Democrats (CDU) remained the largest party but the AfD grabbed 21.5 percent. "
Livingston nh 16:41:53 GMT - 03/13/2016
About a half hour 'til first exit polls in Germany -- seems Merkel has lost support in EU for refugee policy so if domestic support turns, the EU allies she has left may bolt as well
Politicians are even better than sharks at sensing blood in the water
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