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