EU leaders to clash over money as Brexit blows hole in budget

BRUSSELS - European Union leaders will clash this week over the EU’s 2021-2027 budget as Britain’s exit leaves a 75 billion euro hole in the bloc’s finances just as it faces costly challenges such as becoming carbon neutral by 2050.

For the coming seven-year cycle, the starting point for talks is 1.074% of the bloc’s gross national income , or 1.09 trillion euros. By contrast, EU national budgets claw in 47% of annual output on average. The EU budget gets money from customs duties on goods entering its single market, a cut of sales tax, antitrust fines imposed by the EU on companies, and from national contributions.

For many central and eastern European countries, EU “cohesion funds” are crucial. “The costs related to Brexit and other challenges should be more equitably distributed,” Polish Prime Minister Mateusz Morawiecki wrote in the Financial Times, adding this was not the case due to proposed deep cuts for cohesion policies and the Common Agricultural Policy .

And they want negotiations to go on for years, perhaps because we will have to keep contributiong for those years, hmm.

yacc143

Pyramid scheme is ever closer to falling down.

I TOL U!!!!!

“The first angel went and poured out his bowl on the land, and ugly, festering sores broke out on the people who had the mark of the beast and worshiped its image.” -Revelation 16:2 (NIV) Donald Trump 666.

Now that UK is out of that trash EUSSR is sinking and boy I'll be there to celebrate!

Oh no, can't mooch off the U.K. government anymore. I hear Spain and Greece would be more than willing to pick up the slack

a big hole

Wah wahhhhhhh

lmfao

EU is a pretty miserable bunch.

The EU has no chance of agreeing a budget, might help is they stopped wasting money, such as paying for two parliament buildings.

lesanglais ils sont fous ces anglais peut-être ze did not take zis into consideraçion? Quelle comédie...

Hmm they don’t have one of their main pillars of funding to make their European empire function

Ruh-roh

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