The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Three years since the start of the European refugee crisis, the continent’s politics are still convulsed by disagreements over migration. This is despite the sharp decline in the number of people crossing the Mediterranean into Europe—60,000 between January and August 2018, compared with over one million in 2015 and 350,000 in 2016. The crisis, in short, is not one of numbers but one of trust: European publics believe that migration is out of control and that their leaders have no real plan for handling it.
Among the new arrivals, some are refugees with no choice but to flee to Europe, while others are refugees who might have found protection closer to home. But many are aspirational migrants, leaving poor but not necessarily dangerous countries, such as Morocco and Tunisia, for better jobs and opportunities in the EU. Europe’s problem is that it currently has no effective way of distinguishing between these groups