The collapse of the Schengen system of open borders risks plunging Europe into fresh economic turmoil, Hungary’s foreign minister has warned. Europe’s escalating migration crisis- which saw over a million people pour into the continent last year – has led to the re-introduction of temporary border controls in the EU for the first time time in two decades, threatening to reverse one of Brussels’ landmark integration projects.

A full blown dismantling of the borderless zone – where people and trade can move without restriction between 26 countries – would cause “unforeseeable damage” to continent’s beleaguered economies, Peter Szijjarto, Hungary’s foreign minister has said. “If the Schengen zone is going to be demolished or destroyed, then it will cause such serious economic damage that I don’t know how Europe is going to handle it”, Mr Szijjarto told The Telegraph. FULL REPORT