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12/29/14

EU: Immigration a ′losing game′ according to German economist

President of the Ifo Institute for Economic Research, Hans-Werner Sinn, has challenged a study claiming immigrants are bringing money to Germany. The economist said Germany is a "magnet for unqualified immigrants."

"Immigration as it currently stands is going wrong," Hans-Werner Sinn wrote.

According to researchers at the Ifo Institute, a study carried out by the Bertelsmann Foundation did not take expenses into account. The study, which was released in late November, came to the conclusion that foreigners living in Germany contributed in 2012 22 billion euros ($26,863) to the welfare state.

At the time of its release, the study caused somewhat of a stir in the media as it contradicted popular assumptions among the German population regarding the cost of migration.

In Monday's edition of the Frankfurter Allgemeine, however, Sinn rebuked the study's claims, saying that "on the net balance sheet, immigration cost the state more in social costs and other issues than it brings in through taxes and social contributions."

A new calculation Ifo Institute claims that "every migrant costs 1,800 euros more per year than they contribute."

Read more: Immigration a ′losing game′ according to German economist | News | DW.DE | 29.12.2014

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