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Free AccessScholz: 300k Refugees From Ukraine 'Just The Beginning'
Wires carrying comments from Chancellor Olaf Scholz stating that 300k refugees from Ukraine have travelled to Germany, adding 'but that's just the beginning'.
- The comments from Scholz almost mirror that of previous Chancellor Angela Merkel, who made the famous comment that "Wir schaffen das" ("we can do this") at the height of the 2015 immigration crisis into Europe from the Middle East and North Africa.
- Merkel's 'welcome policy' towards what is estimated at over one million refugees and migrants has been viewed as a significant factor in the rise of the right-wing nationalist Alternative for Germany (AfD) in the 2017 federal election. Prior to this point, the far right had not held any seats in the Bundestag since the end of WWII.
- So far the public attitude towards Ukrainian refugees in Germany has been positive. However, with increasingly large numbers expected to arrive in Germany in the coming days, weeks, and months this could see public pressure rise on city, state, and the federal gov't should public services come under significant strain. This could see political risk in Germany escalate in the long term, with a potential backlash against the gov't from the political right.
- Speaking alongside Swedish PM Magdalena Andersson, Scholz states that “We cannot and will not get used to this state of war ... We call on the Russian president to finally agree on a ceasefire and enter into serious negotiations with Ukraine. The Russian troops must withdraw.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.