European Council President Charles Michel proposes 5 billion euros Brexit adjustment fund

On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not.

He also laid out a proposal for a multi-billion-euro economic stimulus plan for a post-coronavirus economic scenario for the EU saying a new Brexit “adjustment reserve” of 5 billion euros will be required.

Laying out the broad framework for the proposal, Michel said the European Commission should analyze the first consequences of the bloc’s relationship with Britain by February, 2021 following which the money could then be used to support those EU countries which are most affected by the change.



Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: