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€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

 

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