The plenary of the European Parliament, which will meet again from 7 to 10 June in Strasbourg, will adopt the mandate to negotiate with the Council the creation of a reserve fund of 5 billion euros to help EU countries to counteract the negative consequences of UK exit. “The draft text on Parliament’s negotiating position – reads a note – includes provisions on the method of allocating funds, the calendar of disbursements and the period of eligibility for funding. MEPs want the financial and banking sectors to be excluded from support, while small businesses and the fishing industry should receive special attention ”. After the passage to plenary, negotiations with the governments of the Union can be started immediately to find a final agreement during the Portuguese Presidency of the EU Council of Ministers.
EU Parliament: Brexit, 5 billion fund to counter the consequences of the UK exit. Aid for SMEs and the fishing sector