Italian Economy Minister Pier Carlo
Padoan said Tuesday that the European Union was facing
unprecedented challenges.
"Europe is experiencing an exceptional situation in which
it is at risk perhaps like never before since it was created" he
said, citing the migrant crisis and the possibility Britain may
exit the union.
Padoan added that the threat of the Schengen border-free
system collapsing was a bigger danger than that posed by the
eurozone crisis.
"The Schengen treaty is in doubt with the refugee emergency
and that is more dangerous than the euro crisis of a few years
ago," Padoan told a conference on the future of the EU at Rome's
La Sapienza University.
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