Financial pressure mounts on the EU

Stark warnings are starting to emerge about the future of the EU due to the financial gap that will exist as a result of the UK leaving the Bloc. Britain is a net contributor of around £8billion per annum and other larger countries are going to have to make up the shortfall. This is being met with fierce resistance across the member states.

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Leaked reports have stated that top EU Official Jean-Claude Juncker has ordered all the other EU nations to raise their payments to 1 per cent of GDP. Meanwhile EU Budget Supremo Guenther Oettinger revealed has declared the EU faces a funding shortfall of around £18 billion due to the UK leaving and also the migrant crisis.

Holland is not the only country opposing paying more cash into the EU coffers - Austria, Sweden and Denmark are also struggling to come up with the money. The Dutch have said firmly: "The Netherlands can not accept increasing its gross contribution to the EU budget."

It is expected that Germany may increase their payments to the EU by paying up to £25 billion to cover the shortfall as they have most to lose if the EU collapses. However this will see German dominance of the EU continue on an even greater scale.

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  • commented 2018-04-23 05:04:48 +0100
    I believe to recoup some of this shortfall the Hadron Collider is going to be utilized as an underground car park.
  • commented 2018-02-20 18:55:25 +0000
    Well and Truly Out ……. WTO ……March 2019
  • commented 2018-02-20 18:54:51 +0000
    “Why dont Juncker ask his mate Soros to cover the deficit” ….. Because Soros as the motive of making money by supporting the concept of the EU and not holding it up ….
  • commented 2018-02-20 18:22:52 +0000
    Why donf Juncker ask his mate Soros to cover the deficit