Posted on 05/12/2017 8:19:05 AM PDT by Olog-hai
EU cohesion policy will “suffer heavily” during Brexit given the anticipated halting of payments for certain projects until 2020, the Conference of Peripheral Maritime Regions (CPMR) warned. EurActiv Greece reports.
Speaking with journalists in Brussels, CPMR’s secretary general, Eleni Marianou, focused on the impact of Brexit, stressing that there are two bills to be paid, one now and one post-2020. “The first bill is the one the UK needs to pay before leaving the EU, which is €60 billion, and I don’t know if Theresa May is going to pay that,” she argued. She added that the “cohesion policy will suffer heavily during this period, because at some point, there will be a cessation of payment for certain projects until 2020.”
As for the protection of smaller or less developed regions from the consequences of Brexit, Marianou stated that at this point “this cannot be predicted”. […]
Cohesion policy is an EU pillar and it cannot be replaced in the future, said the President of the Conference of Peripheral Maritime Regions (CPMR) Vasco Cordeiro. Cordeiro urged a more active participation of citizens in the EU decision-making process, claiming that it “the greatest challenge EU is currently facing” and one of the main reasons numerous people are turning their back on the EU. …
(Excerpt) Read more at euractiv.com ...
Is that supposed to be a bad thing?
Is “cohesion” the code word for bailing out German bankers who lent way too much to Greece?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.