Over the past few years, most European countries were growing increasingly skeptical about the future of the European Union, largely due to the fact that a number of problems, while being unaddressed, including the migration crisis, and the weakening banking system, overtime transformed into a major crisis. But the most serious danger to the future of the EU is a growing mistrust that most Europeans now have towards the political institutions that were supposed to guide them.
Austrian Chancellor Werner Faymann has blamed Germany's open door policy as well as a lack of cooperation between EU member states on the refugee crisis and has said that Austria will no longer be a ‘distribution hub’ for refugees.
Faymann shifted the responsibility for tackling the refugee crisis on Germany by saying that it “should set up a daily quota and then bring these refugees directly from Greece, Turkey or Jordan," as he gave an interview to the Austrian Kurier on Tuesday.
The British pound slumped to its 2009 lowest recently due to declines in the oil and stock markets, with the broader UK economy insufficiently robust to support a higher exchange rate, yet, the GBP devaluation prospects are still questionable.