€5bn Brexit fund gets green light as Brexit crash-out looms – REPORT

EU leaders recently agreed on the establishment of a new EU Brexit fund worth five billion euro (€5bn).

 

The fund is supposed to go EU countries, industries and sectors worst-hit by Brexit. Ireland should expect to get a decent chunk of the monies.  And we may need all the help we can get if the EU fails to broker a trade deal with the UK. Last week the EU’s chief Brexit negotiator, Michel Barnier said Britain’s refusal to commit to open and fair competition and to a balanced fisheries agreement, made a trade deal unlikely at this point.

 

So just how likely is a Brexit no deal scenario and who could benefit from the new Brexit fund? Karen Coleman has this report.

 

Out words: EuroParlRadio

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