Senior European officials are considering making an EU disaster contingency fund available to any member states hit by the economic fallout of an eventual ‘no deal’ Brexit.
A proposal to reform the EU Solidarity Fund, set up in 2002 to support national and regional governments in the event of a major disaster, has been lodged with the European Commission.
A summary of the proposal on the commission website says the fund could ‘furnish member states with financial assistance to cover the heavy charges inflicted on them in the event the United Kingdom leaves without an accord.’
It is not clear when a decision will be made but the commissioners meet on Wednesday and Britain is on course to leave the union on October 31, with or without a deal to cushion the economic blow.
The Solidarity Fund was set up in the aftermath of the devastating flood in central Europe in 2002, and has since spent more than five billion euros in response to around 80 ‘catastrophic events’.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Dutch govt won’t bow to curfew rioters
UK PM takes full responsibility for Covid response
UK to unveil hotel quarantine plans, public told not to book vacations
Italy PM set to quit and seek new govt as pandemic rages
Estonia gets first female prime minister
Boeing 737 MAX to fly again in Europe, angering crash relatives
Portugal President Rebelo de Sousa wins new term in socially distanced ballot
Portugal stages poll with Covid protocols
Alleged drug lord dubbed 'Asia's El Chapo' arrested in Amsterdam