Austria Imposes Asylum Cap to Tackle Refugee Crisis

Austria announced Wednesday it would limit the number of migrants and refugees granted asylum to no more than 1.5 percent of the population over the next four year, NBC News reported.

"We cannot accept any more asylum seekers," Austrian Chancellor Werner Faymann told reporters.

In the latest clampdown of Europe's immigration crisis, Austria will cap the number accepted for asylum at 37,500 this year, compared to approximately 90,000 processed during 2015.

In total, the number will be limited to 127,000 by the end of 2019.

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