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Lagarde: 'Make or Break' Point for Schengen

The chief of the International Monetary Fund says she believes Europe’s refugee crisis is placing the continent’s cherished Schengen zone at risk. Christine Lagarde, the IMF managing director, said Saturday the swelling number of refugees in Europe has pushed the Schengen agreement to “a make or break” point. When asked at the World Economic Forum in Davos if the crisis put the Schengen area in peril, Lagarde said, “Yes, I think so.” The Schengen area is comprised of 26 European...

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