100 billion euro EU exit bill won’t be paid by Great Britain

100 billion euro EU exit bill won’t be paid by Great Britain

The United Kingdom isn’t going to pay 100 billion euros just to leave the European Union. That’s what Brexit minister David Davis unveiled on Wednesday after the Financial Times disclosed that the European Union was about to demand the given amount.

Citing its own analysis of fresh stricter demands it told were driven by Germany and France, the newspaper told that 100 billion euros turned to be a big figure.

Davis informed the British channel ITV that Great Britain won’t shell out 100 billion. Instead, the country will discuss in detail what the obligations and rights are.

He added that the UK government hadn’t seen a figure from the European Union for the exit bill.

Besides this, the FT stressed that following requests from member states, the initial calculations were revised by EU negotiators for the purpose of maximizing the liabilities Great Britain would be asked to cover, including EU administration fees and post-Brexit farm payments in 2019 and 2020.




ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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