Refugee crisis shows reality of globalization, says Germany's Schaeuble

The influx of hundreds of thousands of refugees into Europe is part of the reality of globalization, German Finance Minister Wolfgang Schaeuble said on Thursday. German authorities are struggling to cope with the roughly 10,000 refugees arriving every day, many fleeing conflict in the Middle East. IMF meetings tried to organize the forces of globalization “such that everyone can live with them,” Schaeuble said.

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