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