Günther Oettinger says need to finance new initiatives in areas such as defence and security means gap could be twice as much Britain's withdrawal from the EU could leave the remaining 27 countries with a €20bn a year hole in their budget, requiring additional EU taxes to fill the gap, the European commission has said. Related: Philip Hammond: Brexit petty politics must not hinder 'economic logic'
Brexit could blow €20bn hole in EU budget, warns European commissioner
The Guardian - 29 Jun 2017 07:10
Günther Oettinger says need to finance new initiatives in areas such as defence and security means gap could be twice as much Britain's withdrawal from the EU could leave the remaining 27 countries with a €20bn a year hole in their budget, requiring additional EU taxes to fill the gap, the European commission has said. Related: Philip Hammond: Brexit petty politics must not hinder 'economic logic'
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