EU MEMBER-STATES like Sweden are revolting against Brussels’ plan to protect itself from the economic impact of a no-deal Brexit crisis at this weekend’s summit.
Brussels has demanded EU countries fund a €5 billion Brexit reserve fund to protect countries most at risk of economic turmoil after the UK leaves the bloc. However, according to RTE, Sweden has voiced fierce opposition to the plans at the European Union summit in Brussels this weekend. Europe Editor Tony Connelly said that EU member-states are furious at the additional funding demand because “Brexit has nothing to do with the pandemic”.
Connelly explained: “In order to placate countries like Ireland, Charles Michel introduced this idea of a Brexit reserve fund.
“The idea was if Europe was going to refit its economy for a post-pandemic world, you have to take into asymmetric shocks like Brexit that will affect how economies will emerge from the pandemic.
“There is a figure of 5bn in there. But, I understand that not everyone is happy with this idea.
“The Swedes in particular have been muttering about why Brexit should be part of this recovery fund.”
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