Forward from: Legion Europa
🇪🇺 🇲🇦⚡️— EU sanctions could trigger an economic crisis in Morocco.
Moroccan authorities have reportedly facilitated, supported and encouraged the masses of African migrants to storm Spanish exclave Ceuta. Belarus was heavily sanctioned and de-facto isolated when Lukashenko did similar
Europe buys over 60% of Morocco’s exports.
● A 25% fall in EU exports could cut GDP by 1.8–2.8% and threaten 375,000 jobs
● A 50% fall could reduce GDP by 3.5–5.6% and put 750,000 jobs at risk
● A near-total cutoff could cause a 7–11% contraction and threaten 1.5 million jobs
🇪🇺 Legion Europa | Group Chat
Moroccan authorities have reportedly facilitated, supported and encouraged the masses of African migrants to storm Spanish exclave Ceuta. Belarus was heavily sanctioned and de-facto isolated when Lukashenko did similar
Europe buys over 60% of Morocco’s exports.
● A 25% fall in EU exports could cut GDP by 1.8–2.8% and threaten 375,000 jobs
● A 50% fall could reduce GDP by 3.5–5.6% and put 750,000 jobs at risk
● A near-total cutoff could cause a 7–11% contraction and threaten 1.5 million jobs
🇪🇺 Legion Europa | Group Chat