The European economy is set to lose around €100 billion (£76 billion, $109 billion) if officials decide to re-establish border controls within the Schengen Area.

That’s according to the French government’s economic planning agency France Strategie, which released its warning this morning in a note entitled “Policy Brief – The Economic Cost of Rolling Back Schengen.”

The Schengen area was set up in 1995 to abolish Europe’s internal borders and now enables passport-free travel across 26 countries: 22 of the EU’s 28 countries, plus non-EU Norway, Switzerland, Iceland and Liechtenstein.

Basically, if you are a national from one of the read more >>>

Source : BusinessInsider.Com