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Moves by some EU member states to alter the calculation method for allocating the €5 billion Brexit Adjustment Reserve is an “attempted cash grab which goes against the spirit of EU solidarity”, according to one Irish MEP.
Fine Gael MEP Colm Markey made the comments at the European Parliament Committee on Fisheries (PECH) today (Monday) where members discussed a draft opinion on the issue.
The Midlands North West MEP said he has serious concerns that any suggestion of a renegotiation of the Reserve could lead to Ireland’s €1 billion share slashed by hundreds of millions, adding:
“It’s widely accepted that Ireland is the member state most impacted by Brexit. Since the 2016 vote, the Irish government has committed in the region of €1 billion to mitigate its impact – and we will continue to incur significant costs in the years ahead.