News Analysis: Post-Brexit budget hole to pose...
© FamagustaGazette 2018
It is estimated that Britain, as a net contributor to the EU budget, will after its exit leave a shortfall of more than 12 billion euros (14.6 billion U.S. dollars) per year in the budget. With its current seven-year budget period ending in 2020, the EU's executive arm European Commission (EC) plans to present the blueprint of the next multi-year budget in May. However, the pressure facing the EU is not confined to the reduced receipts by Brexit. The bloc has set new goals in areas such as migration, internal and external security, among others, incurring more expenditures....
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