EU Council president, Charles Michel is proposing the creation of a €5bn Brexit adjustment reserve fund to help offset the costs of Brexit in countries and sectors most damaged by Brexit.
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Irish agriculture would undoubtedly qualify, especially the beef sector but so too would several other sectors in EU countries ranging from German cars to Dutch flowers and Belgian chocolates.
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The move was welcomed by IFA president Tim Cullinan, saying that the IFA has always said there would have to be a dedicated EU Brexit contingency fund to deal with all scenarios, up to a no-deal outcome, as it would devastate the agriculture sector.
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EU Council president, Charles Michel is proposing the creation of a €5bn Brexit adjustment reserve fund to help offset the costs of Brexit in countries and sectors most damaged by Brexit.
Qualify
Irish agriculture would undoubtedly qualify, especially the beef sector but so too would several other sectors in EU countries ranging from German cars to Dutch flowers and Belgian chocolates.
The move was welcomed by IFA president Tim Cullinan, saying that the IFA has always said there would have to be a dedicated EU Brexit contingency fund to deal with all scenarios, up to a no-deal outcome, as it would devastate the agriculture sector.
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