Migrant crisis: Germany to release funds to help regions cope
Monday, September 07, 2015
Critics at home have accused Chancellor Angela Merkel of creating a dangerous precedent by opening Germany's borders.About 18,000 migrants arrived over the weekend after an agreement with Austria and Hungary to relax asylum rules.But Austria's Chancellor Werner Faymann has said the emergency measures must come to an end.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...