Bernd Raffelhüschen says migrants will cost the economy up to a trillion pounds

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Financial economist Bernd Raffelhüschen claims the overall debt in Germany stands at €6.2 trillion, equivalent to more than £5trillion.

The western nation has experienced its longest boom since the sixties, as employment reached a new high and social security reported record revenues.

But Mr Raffelhüschen claims the tables could soon turn as Germany begins to take into account the cost of the refugee wave of 2015.

He states the long term costs of the original crisis totals around €878 billion, which threatens to soar up to €1.5trilllion depending on how well the "second generation" fits in with life in Germany.