Schengen collapse could cost EU up to 1.4 trillion euros over decade

A collapse of Europe's Schengen passport-free travel zone could cost the European Union up to 1.4 trillion euros over the next decade, a study by Germany's Bertelsmann Foundation showed on Monday. The study estimated that under a worst case scenario, in which the reintroduction of controls at EU borders pushed import prices up three percent, the costs to the bloc's largest economy Germany could be as much as 235 billion euros between 2016 and 2025, and those to France up to 244 billion. At a min