As Hungary’s central bank buys guns and bullets to protect against “international security risks,” a report citing a source close to the EU Commission suggests that the deepening chaos of the migrant crisis could force the EU to begin closing its borders to refugees on March 1st.

Danas, a daily newspaper published in Belgrade, Serbia, is reporting that, “The European Union will close the borders for refugees from the war zones of the countries of the Middle East on March 1.”

The article cites an individual “in Brussels close to the European Commission” as the source for the story.

“As we were told, closing borders to refugees will be gradually implemented, mainly for refugees from Iraq, Afghanistan and then at the end of the process and from within Syria,” states the report.

If the report is accurate, the EU’s decision to close its borders to the flood of migrants that have poured into the continent over the last year represents an acknowledgment that its open border policy has been a massive miscalculation.

The move would also vindicate European countries such as Hungary that took steps to secure their own borders as soon as it became apparent many months ago that the clear majority of the “refugees” were not from war-torn areas but were in fact economic migrants fleeing to a higher standard of living.

Indeed, the Hungarian central bank is now so alarmed at the level to which the migrant crisis has been allowed to spiral out of control, it is stockpiling guns and ammunition to protect against “international security risks” arising out of the migrant influx.

“Hungary’s central bank…. is now beefing up its security force, citing Europe’s migrant crisis and potential bomb threats among the reasons,” reports Bloomberg. “The National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company, according to documents posted on a website for public procurements.”

Any decision by the EU to close its borders could be a desperation move to try and rescue the Schengen free movement area, which is on the verge of collapse, a situation that could lead to the demise of the European Union itself.

Last month, German Finance Minister Wolfgang Schaeuble warned that if the legitimacy of the Schengen agreement continued to be eroded by the migrant influx, the EU would face a “tremendous, enormous” threat to its existence.

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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

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