mishtalk.com / Mike “Mish” Shedlock / August 29, 2016
Last year, over one million refugees poured into Germany. Chancellor Angela Merkel said,“Wir schaffen das” — “We can do it.”
These refugees were supposed to start an economic boom.
The actual results show far more German women were raped or assaulted by the refugees than found employment at the thirty largest German companies.
National Public Radio (NPR) reports Despite Early Optimism, German Companies Hire Few Refugees.
A year ago, as Germany opened its borders to a surge of migrants and refugees, Chancellor Angela Merkel said,”Wir schaffen das” — “We can do it.”
Many expected that the influx of new arrivals would help Germany’s economy, already the strongest in Europe. Big players in German business were enthusiastic. Dieter Zetsche, the CEO of Daimler, the big car maker, predicted a new “economic miracle.” Frank Appel, the CEO of Deutsche Post, the huge courier company, praised the additional value for the labor market that the refugees would bring.