How Europe Is Spending Money on the Migrant Crisis

Some half-a-million migrants have streamed into Europe this year. To help ease the crisis, the European Union and its member states have pledged billions to help the migrants arriving on their shores.

But countries and nonprofit groups are strapped for cash, and the money is spent as soon as it’s received. The EU has already burned through $80 million in emergency funding, and another $100 million is on the way. Meanwhile, Germany alone is preparing to shell out $11 billion a year to take care of the 800,000 migrants it expects to receive.

What is the money spent on? Watch the video above to find out.