EU launches emergency €5billion Brexit fund to prop up states worst-hit by UK leaving

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    European Council President Charles Michel said the €5 billion reserve would be used to “counter unforeseen circumstances” of Brexit. Announcing his plans for the EU’s next budget, the eurocrat said: “Brexit is challenging for all of us. “And that’s why we propose a Brexit reserve of five billion.

    “We will create another reserve in order to counter the unforeseen consequences in the most-affected member states and sectors.”

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