Monday, July 20, 2020

EU MEMBERS REJECT €5B BREXIT RESERVE FUND

EU MEMBER-STATES like Sweden are revolting against Brussels’ plan to protect itself from the economic impact of a no-deal Brexit crisis at this weekend’s summit.
Brussels has demanded EU countries fund a €5 billion Brexit reserve fund to protect countries most at risk of economic turmoil after the UK leaves the bloc. However, according to RTE, Sweden has voiced fierce opposition to the plans at the European Union summit in Brussels this weekend. Europe Editor Tony Connelly said that EU member-states are furious at the additional funding demand because “Brexit has nothing to do with the pandemic”.

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