The budget of the EU after Brexit will lose 12 billion euros a year

The budget of the EU after Brexit will lose 12 billion euros a year

MOSCOW, Aug 7 — RIA Novosti. The European Commissioner for budget günther Oettinger said that after the British exit from the EU (Brexit) of the EU budget each year will miss 10 to 12 billion euros. In these circumstances, have to resort to austerity measures and higher contributions of member countries, he added.

“In the long term because of Brexit, the EU budget will miss ten to 12 billion euros a year,” Oettinger said in an interview with German tabloid Bild.

“I assume that these missing billions would be offset by the savings and greater participation of member countries”, — added the Commissioner.

The Telegraph, citing sources in the British government announced that London stands ready to pay up to 40 billion euros to repay its financial obligations to the EU after Brexit.

The decision to withdraw from the EU was adopted by the British people in a referendum on 23 June 2016. United Kingdom 29 Mar officially launched the process of withdrawal from the EU, passing the head of the European Council Donald Tusk, a letter of notification. According to the rules set forth in the 50th article of the Lisbon Treaty, leaving the EU, Britain will have to leave the Association on March 29, 2019 — exactly two years after the launch of the Brexit.

HelpBritain launched the Brexit. What’s next?Prime Minister Theresa may has notified EU authorities of the formal procedure is to run for the country’s exit from the EU.Read more