Ireland’s share of EU Brexit fund to be cut by $ 5 billion, French 2021 proposals: Pianetta Strega

La quota dell’Irlanda del Fondo Brexit dell’Unione europea, del valore di 5 miliardi di euro, sarà ridotta dalle proposte francesi

Ireland’s share in the European Union’s Compensation Fund will be reduced by $ 5 billion in response to French proposals to change the way payment is calculated. The move will delay the arrival of funds as talks between the member states on the issue could lead to a reopening.

Ireland will receive less than $ 1 billion from the fund this year in pre-financing, and the additional amount is likely to increase in the coming days. This is the largest allocation made to all member states under a fund agreed last year to support Brexit-hit EU countries.

Member State Governments have not adopted the method of calculating the share of each country proposed by the European Commission. Paris will suggest a different “allocation key” and lead to additional funding for larger countries such as France, Spain and Italy.

This will hurt 14 other countries and affect Ireland even more, according to Belgian MEP Pascal Aremond, a European Parliament correspondent in Brexit, who estimates that $ 200 million will be taken away from the billions of euros expected this year. Subject to change.

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