Europe Will Implement Both Border and Capital Controls in the Coming Months

Wednesday, February 18, 2015
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
02/18/2015

Europe is going to begin both capital and border controls.

This is not some idle conjecture. We know that the political elite in Europe are only too happy to ignore the rule of law whenever the crisis gets too out of hand. Indeed, this won’t even be the first time that this happens in the EU.

Back in March of 2012, when the EU Crisis first began to spin out of control, then Prime Minister of France Nicolas Sarkozy openly called for the renegotiation of the Schengen Treaty: the treaty that established the 26-nation EU as a “borderless” entity in which individuals could move from one country to another with little difficulty and which also made trade among EU members easier.

France was not alone either. A few months later, both France and Germany proposed imposing border controls in June of that same year.

A Vote of No Confidence in Europe

Germany and France’s joint proposal to allow Schengen-zone countries to temporarily reintroduce border controls as a means of last resort might sound harmless. But doing so would damage one of the strongest symbols of European unity and perhaps even contribute to the EU’s demise.

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