Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
The Schengen Agreement represents a territory in Europe where the free movement of persons is guaranteed.
It currently consists of 26 European countries covering a population of over 400 million people. The signatory nations abolished all internal borders in lieu of a single external border. Common rules and procedures apply to visas, asylum requests and border controls.
The treaty has been under pressure with a huge wave of migrants pouring into Germany, Sweden, Hungary, Italy, and Greece from Syria and other countries.
Last week I noted Denmark Cancels All Trains From Germany.
Today, reader Olivier pinged me with this comment "An Austrian rail company spokesman said trains from Austria to Germany have stopped running."
Confirmation comes from Spiegel article Stopped Trains from Austria to Germany: Refugee Crisis. Trains were not stopped heading the other direction.
"Temporarily" Halted Trains
Supposedly this is a temporary measure until border controls can be reinstated."
Olivier offered this opinion: "I am afraid the Schengen Treaty is dead ("lettre morte", as they say in french). Speaking for myself that was one of the more tangible benefits of the European construction. If that is no more, one less reason to hang on to the EU."
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
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