Otmar Issing, former chief economist of the European Central Bank
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Migrant crisis: Germany's 'rock of stability' in danger

The migrant crisis could see Germany losing its position as a "rock of stability", a former European Central Bank chief economist has told BBC HARDtalk.

Otmar Issing warned the growing "fiscal burden" over the numbers of people arriving could completely change the country's economy.

Germany has two ways to react to the migration crisis, he explained, the first was to wait for unemployment and social unrest to rise and then react or address the challenge and make the economy much more flexible.

"Quick integration in the labour market is key," he said.

Watch the full interview on Wednesday 17 February 2016 on BBC World News and the BBC News Channel. The programme is also available on BBC iPlayer (UK only)

  • 17 Feb 2016
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