New migrant system puts fresh strain on Greece's tight budget


  • World
  • Monday, 21 Mar 2016

ATHENS (Reuters) - An EU deal with Turkey may severely limit an influx of migrants to northern and central European countries, but could place fresh strain on the budget of Greece, the frontline state that is already struggling to rebuild its public finances.

In December, when Greece expected to remain merely a transit country for migrants heading northwest, the central bank put the annual cost at 600 million euros, or about 0.3 percent of national output, well short of the 700 million euros the European Union has promised in aid over three years.

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