Migrant crisis could destroy the euro, warns Juncker: Collapse of the Schengen zone means a single currency ‘makes no sense’, he admits

Wednesday, November 25, 2015
By Paul Martin

Euro will be jeopardised if passport-free zone unravels, Juncker has said
Schengen zone under pressure as migrants stream across the continent
European Commission President said single currency ‘makes no sense’ if Schengen falls

25 November 2015

The single currency will be jeopardised if Europe’s passport-free Schengen zone collapses, Jean-Claude Juncker has warned.

The 26-member zone has come under immense pressure as hundreds of thousands of refugees fleeing war and poverty in the Middle East and Africa stream across the continent.

With Greece in particular struggling to contain the human tide, countries from Hungary in the south to Denmark in the north have put up temporary border controls to stem the flows, making passport-free travel harder than at any time in decades.

But the European Commission President said allowing the Schengen system to erode with member states reimposing border controls could have consequences for the euro.

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