The influx of refugees into Germany is a major challenge, but many economists are saying it could be a major opportunity. Could the refugees even boost economic growth? DW asks Hans-Werner Sinn, president of Munich's Ifo Institute.
In Nigeria, Mubi is known as the city of peace; half of the population is Christian, the other half Muslim. It has now become home to 100,000 Boko Haram refugees.
Hans-Werner Sinn, the president of the Ifo economic think tank, expects tough competition might arise between refugees and poorer Germans. He is pessimistic about the impact of the refugee influx on the welfare state.
The European Parliament and member state governments have finally reached a deal on the bloc's budget for next year. It's a compromise between temptations to spend more and national efforts to limit expenditures.
Despite troubling global economic trends, the German government has stuck to its earlier growth expectation of 1.7 percent. Domestic strengths are believed to be overcoming international weaknesses.
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