EuroParlRadio
€5bn Brexit fund gets green light as Brexit crash-out looms – REPORT

€5bn Brexit fund gets green light as Brexit crash-out looms – REPORT

July 27, 2020

EU leaders recently agreed on the establishment of a new EU Brexit fund worth five billion euro (€5bn).

 

The fund is supposed to go EU countries, industries and sectors worst-hit by Brexit. Ireland should expect to get a decent chunk of the monies.  And we may need all the help we can get if the EU fails to broker a trade deal with the UK. Last week the EU’s chief Brexit negotiator, Michel Barnier said Britain’s refusal to commit to open and fair competition and to a balanced fisheries agreement, made a trade deal unlikely at this point.

 

So just how likely is a Brexit no deal scenario and who could benefit from the new Brexit fund? Karen Coleman has this report.

 

Out words: EuroParlRadio

Dur: 6:03

Ireland “will probably do very well” from Brexit fund – Andrews

Ireland “will probably do very well” from Brexit fund – Andrews

July 27, 2020

Ireland “will probably do very well” from a new EU Brexit fund that’s going to be set up to help countries, industries and sectors worst-hit by Brexit. So says the Fianna Fail MEP Barry Andrews.

 

EU leaders recently agreed to establish the new Brexit “adjustment reserve” fund of five  billion euro (€5bn).

The Dublin MEP believes a number of sectors in Ireland could benefit from the fund.

 

Out words: that fund

Dur: 00:28

€5bn Brexit fund won’t “alleviate the grave damage” of no deal Brexit – MacManus

€5bn Brexit fund won’t “alleviate the grave damage” of no deal Brexit – MacManus

July 27, 2020

A new five billion euro EU Brexit fund won’t “alleviate the grave damage” that will be done to Ireland if the UK does not strike a trade deal with the EU by the end of the year.

 

That’s the stark warning of the Sinn Fein MEP Chris MacManus.

 

EU leaders recently agreed to establish a new Brexit “adjustment reserve” fund of five billion euro (€5bn) which will offer funds to countries and sectors worst-hit by Brexit.

 

But Chris MacManus fears Ireland won’t get as much as it will need from the fund.

 

Out words: a concern

 

Dur: 00:34

€5bn Brexit fund “reassuring” especially if no trade deal with UK  – McGuinness

€5bn Brexit fund “reassuring” especially if no trade deal with UK – McGuinness

July 27, 2020

The existence of a new EU €5bn Brexit fund will be very important for Ireland especially if the EU fails to broker a trade deal with the UK. That’s according to the Fine Gael MEP Mairead McGuinness.

 

EU leaders recently agreed to establish a new Brexit “adjustment reserve” fund of five billion euro (€5bn) which will offer funds to countries and sectors worst-hit by Brexit. Mairead McGuinness says the fund will be particularly important for the Irish food and agricultural sectors if the UK crashes out of the transition period without a trade deal.

 

Out words: a hammer blow

 

Dur: 00:40

 

€5bn Brexit fund “important and very positive” – McGuinness

€5bn Brexit fund “important and very positive” – McGuinness

July 27, 2020

A new EU Brexit fund of five billion euro (€5bn) will be “really important” for Ireland especially if the EU cannot secure a trade deal with the UK.

 

So says the Fine Gael MEP Mairead McGuinness.

 

EU leaders recently agreed to establish a new Brexit “adjustment reserve” fund of five billion euro (€5bn) which will offer funds to countries and sectors worst-hit by Brexit.

Ireland should be in line for a sizeable chunk of the fund.  

 

Here’s Mairead McGuinnesss

 

Out words: particularly positive

 

Dur: 00:37

Who will benefit from EU Covid Recovery Fund? REPORT

Who will benefit from EU Covid Recovery Fund? REPORT

July 24, 2020

EU leaders brokered an historic agreement this week when they unanimously backed a seven hundred and fifty billion euro (€750bn) Covid recovery fund.

 

The fund – which is being called Next Generation EU – will go towards EU regions and countries that have been badly hit by the Covid pandemic. The likes of Spain and Italy are likely to be big beneficiaries of the fund.

 

Ireland is expected to get around €1.3billion in grants from the fund.

 

So what can we expect from it? Karen Coleman has this report.

 

Out words: EuroParlRadio

Dur: 4:58

MEPs demand rule of law link to EU financing  – Walsh

MEPs demand rule of law link to EU financing – Walsh

July 24, 2020

The European Parliament is demanding clear mechanisms that will link EU financing to respect for the rule of law.

 

MEPs say EU leaders have significantly weakened the efforts of the European Commission and the Parliament to uphold the rule of law, fundamental rights and democracy in the framework of the EU’s long-term budget and its Covid recovery plan.

 

The European Parliament this week debated the outcome of the recent summit of EU leaders which saw an historic agreement reached on the seven hundred and fifty billion euro (€750bn) Covid recovery fund along with the EU’s 7-year budget.

 

However, MEPs are accusing the European Council of not doing enough to link the distribution of EU funds to compliance with the rule of law. This would apply particularly to Hungary and Poland which have been heavily criticised for rowing back on democracy and human rights.

 

Here’s the Fine Gael MEP Maria Walsh.

 

Out words: a whole

 

Dur: 00:30

SMEs should be prioritised for EU Covid Funds – Walsh

SMEs should be prioritised for EU Covid Funds – Walsh

July 24, 2020

Small to medium sized businesses should benefit from the new EU Covid recovery fund that’s worth seven hundred and fifty billion euro.

 

So says Maria Walsh - the Fine Gael MEP for the Midlands North-West.

 

The European Parliament this week debated the €750bn fund which was approved by  leaders of the EU27 countries earlier this week. However, MEPs criticised their decision to reduce the proportion of the fund that could be given out through grants.

 

That figure was reduced to three hundred and ninety billion euro (€390bn). The rest will be distributed through loans.

 

It’s estimated that Ireland will get about €1.3bn in grants from the fund. Here’s Maria Walsh

 

Out words: a whole

Dur: 00:33

Brexit talks stymied by “irrationality” of UK Brexit negotiators – MacManus

Brexit talks stymied by “irrationality” of UK Brexit negotiators – MacManus

July 24, 2020

The Sinn Fein MEP Chris MacManus is calling on the government to better prepare in the event of no trade deal being brokered between the EU and the UK.

 

His warnings follow comments by the EU’s chief Brexit negotiator Michel Barnier. Yesterday Mr Barnier said a trade deal between the EU and the UK was ‘unlikely’ following the latest round of Brexit talks between both sides.

 

Mr Barnier said two issues are causing particular problems. They are fair competition and the level playing field between EU and UK businesses. The other issue is access to British fishing waters.

 

Chris MacManus says the talks are being stymied by difficult negotiators on the British side.

 

Out words: people are

 

Dur: 00:40

Sinn Fein MEP calls for “more robust” no Brexit deal plan – MacManus

Sinn Fein MEP calls for “more robust” no Brexit deal plan – MacManus

July 24, 2020

The Government needs to step up and do much more to prepare for a no-deal Brexit scenario.

 

That’s the warning from the Sinn Fein MEP Chris MacManus. His was reacting to comments made yesterday by the EU’s chief Brexit negotiator Michel Barnier.

 

Following the latest round of Brexit talks in London, Mr Barnier said Britain’s refusal to commit to open and fair competition and to a balanced fisheries agreement, made a trade deal unlikely at this point.

 

Chris MacManus says the Government isn’t doing enough to prepare for the worst outcome which could see no trade deal brokered between the EU and the UK.  

 

Out words: deal Brexit

 

Dur: 00:42