BREAKING BRITANNIA NEWS
During a European Parliament session, the official slammed down his fist on the table as he contested the cuts.
“We must work even harder to achieve our aims.”
The vice president of the judicial cooperation body Eurojust of the EU, filippo Spiezia, has cautioned if its budget is cut following the departure of the UK, his agency could soon close.
All three countries present frugal contributors, Mark Rutte refusing to increase his country’s contribution, with Dutch Prime Minister.
President Christine Lagarde, of the European Central Bank admitted the news added the economy and uncertainty.
Agata Gostynska-Jakubowska, of the Centre for European Reform think-tank in Brussels insisted these countries, will now have to step out from behind the UK’s shadow.
With the possibility of seeing the funding cut from $41million to $33million, Mr Spiezia warned he is going to be forced to”closed the doors” to Eurojust.
In order to contribute to new initiatives such as European Defence Fund and the Reform Support Programme, some bodies face cuts.
Carsten Brzeski, an economist at ING also warned that the numbers reveal the”industrial horror show continues”.
The news of the struggles within the EU comes as Germany’s manufacturing downturn rages on.
Hans Dahlgren, Sweden’s Europe minister, said:”We are missing the UK as a large player and a close partner in those talks.
The UK has introduced a powerful opponent to enlarging the EU budget and has been a serious ally to smaller nations such as Sweden and Denmark in doing this.
He added:”Despite some tentative positive signals from soft data that point to a bottoming out of the production slump, the hard reality looks completely different.”
Emmanuel Macron has previously called for a budget but that will come in direct conflict with countries like Denmark, Sweden and Holland.
In terms of net contribution, the UK also received significantly less than it paid to the EU, meaning Brussels has lost a severe financial backer.
This week, European Council President, Charles Michel will hold several talks with European leaders over the EU’s funding for 2021-27. The EU is seeking to maintain a budget of $1.1trillion (£933billion) which would mean member nations increasing their collective participation by $52billion (£44billion) within the seven decades.
He explained:”This means we can shut the doors.
The UK was among the largest gross contributors along with France and Germany to the EU budget.
She added:”Countries like the Netherlands used to hide behind the UK’s back, hoping it would be very outspoken when representing Dutch interests also.
Orders in the industry fell for a second consecutive month in December marking 2019 purchase books the worst for over a decade.
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