(TRUNEWS) The executive chairman of the World Economic Forum is predicting mass migration of 1 billion refugees moving north into Europe, if the slide in commodities continues.
Klaus Schwab made the comments during an interview ahead of the Davos meeting, according to Bloomberg.
Many countries in Africa depend on oil income, but the prices have dramatically dropped recently. Schwab says the downward spiral in commodities will have an economic and social repercussions.
Before his death, Libyan leader Muammar Gaddafi said the unrest in many African and Middle Eastern countries, due to governments being toppled, would cause a migrant flow of millions into Europe. He was making the plea that Libya played a key role in securing the Mediterranean.
“Libya may become the Somalia of North Africa, of the Mediterranean. You will see the pirates in Sicily, in Crete, in Lampedusa. You will see millions of illegal immigrants. The terror will be next door,” said Gaddafi’s son Saif in 2011, according to Sputnik.
Full article: World Economic Forum chairman predicts 1 billion refugees (TruNews)