Concerns about lower EU budget by brexit

Concerns about lower EU budget by brexit

World June 27, 2016 13:48

bucharest - The departure of the UK from the EU means,, alarming decline '' of 15 per cent of the EU budget after 2020. It has EU Commissioner Corina Creţu (Regional Policy) said Monday.

,, Regional policy is closest to the people and show visibly how European money is changing lives', 'Cretu told a Romanian TV station. Therefore,, discloses worried that the EU's budget after 2020 falls about 15 percent. ''

The EU spends between 2014 and 2020 more than EUR 350 billion in regional policy. Countries lagging behind, among them Eastern Europe, benefiting proportionately the most of this so-called cohesion policy.
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