Refugee crisis will cost Germany £38 BILLION by the end of 2017, new study claims

A new study in Germany released on Monday puts the cost of the country’s refugee crisis at £38 billion – and rising.

The German Economic Institute, which is based in Cologne, put together a projection for feeding, housing and educating the children of one million-plus migrants who have entered the country.

Angela Merkel’s government is reported to already be dreaming up new ways of taxing people – in what is already one of the most heavily taxed countries in the world – to help foot the bill.