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EU monetary disaster: Italy on brink of dropping €40billion after Brexit

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EU monetary disaster: Italy on brink of dropping €40billion after Brexit

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EU monetary disaster: Italy on brink of dropping €40billion after Brexit
GETTYMilan, Italy As soon as the transition interval is over, the EU can be left with a shortfall of round €15billion a 12 months with out Britain’s monetary contributions. The EU is about to start negotiations between the remaining 27 member states for its post-Brexit funds and Italy is hoping to maintain maintain of €40billion in structural funds. The bloc is reconsidering EU funds allotted to migration, defence, safety and agriculture and is trying into growing nationwide contributions from remaining member states to cowl the shortfall. Put up-Brexit multi-annual funds talks with the remaining 27 EU members kicked off this week. Italian minister Claudio De Vincenti referred to as on the EU to keep up funding for Italy as he urged the bloc to face united. He stated: “Cohesion, regardless of Brexit, have to be assured with substantial sources, satisfactory to contain all European areas as a result of in all areas there are areas of developmental delay, albeit in a naturally differentiated method.”Mr De Vincenti referred to as on t…

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