The Strategist

European Commission is preparing multi-billion aid to Ireland in case of no-deal Brexit

07/23/2019 - 09:10

The European Commission is busy preparing a package of assistance to Ireland in the amount of several billion pounds in compensation for the economic losses that may arise in the event of the UK leaving the European Union without a deal, writes The Times, referring to high-ranking officials in the European Union.

Bankenverband - Bundesverband deutscher Banken via flickr
Bankenverband - Bundesverband deutscher Banken via flickr
It is specified, the European Union "will spend what is necessary" to support of the government of Ireland in case of any trade turmoil. The exact amount of assistance is not indicated.

According to the results of the 2016 referendum, the United Kingdom planned to withdraw from the European Union on March 29, 2019. For several months, the country's prime minister, Teresa May, had been unsuccessfully trying to negotiate a Brexit agreement agreed with Brussels through parliament, but the parliamentarians rejected it. To prevent the withdrawal from the European Union without a deal, the UK has already received a deferment from Brussels twice - now Brexit should take place before October 31 of this year.


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