One of Germany’s best known and respected think tanks has found the five billion euro cost of closing Europe’s borders is just a “fraction” of the cost associated with leaving them open and experiencing continued mass migration. The Munich-based Institute for Economic Research (Ifo) has released new figures quantifying what exactly the damage to the German and European economies would be, and it is significantly lower than previous estimates. Taking into consideration the inconvenience and delays to trade introduced by taking action at Europe’s borders to prevent illegal migrant incursion, the Ifo put the figure at €5 billion a year. Although a significant amount of money, report author Gabriel Felbermayr said “this cost represents only a fraction of the burden which would be incurred by continuing unregulated mass migration”. By way of comparison the cost of reception and initial care of refugees was estimated to hit €20 billion a year for just Germany alone, reports Die Welt. This figure excludes the costs associated with migrant crime and other societal costs, and does nothing to even consider the long term costs of mass migration. A recent report from a Stockholm University academic into the life-long costs of mass migration found just the 2015 arrivals in