Brexit’s fi­nan­cial implications should be high­lighted – Al­fred Sant

Malta Independent - - NEWS -

Mal­tese MEP Al­fred Sant has called on the EU in­sti­tu­tions in­volved in the UK’s Brexit ne­go­ti­a­tions to be as clear as pos­si­ble on the chal­lenges and prob­lems Brexit ne­go­tia­tors will be tack­ling.

It is there­fore very im­por­tant to start dis­cussing the in­ter­nal ar­range­ments be­fore the Brexit ne­go­ti­a­tions have been fi­nalised, Dr Sant said.

In par­tic­u­lar, it is es­pe­cially rel­e­vant with re­gard to the fi­nan­cial implications for the EU. Dr Sant was speak­ing at the Ple­nary ses­sion of the Euro­pean Par­lia­ment dur­ing which the rep­re­sen­ta­tive of the EU Pres­i­dency in the Euro­pean Coun­cil pre­sented the main topics to be dis­cussed at the Euro­pean Coun­cil that is to take place on 20-21 Oc­to­ber, no­tably mi­gra­tion, trade and the EU’s re­la­tions with Rus­sia. The ma­jor­ity of MEPs ad­dress­ing the meet­ing also em­pha­sised that Brexit is a key topic that should be ad­dressed by the EU heads of state and gov­ern­ment.

Dr Sant said that it was ac­cepted that the EU should not, ei­ther on its own or through in­for­mal con­tacts with the UK, start to re­view op­tions for the Brexit ne­go­ti­a­tions be­fore th­ese ac­tu­ally com­mence. How­ever, the same need not ap­ply to the EU’s in­ter­nal ar­range­ments, once Brexit has been im­ple­mented. This is es­pe­cially rel­e­vant with re­gard to the fi­nan­cial implications for the Union with­out the UK.

Dr Sant said that me­dia houses and re­search bu­reaux have made their cal­cu­la­tions. “The Union’s in­come will suf­fer a size­able short­fall with the dis­ap­pear­ance of the UK’s net con­tri­bu­tion. What will be the implications of this, for on­go­ing and fu­ture EU projects? What will be the di­men­sions of the short­fall, seen from both a purely ac­count­ing per­spec­tive and from an op­er­a­tional one? How can this deficit be coun­tered?” he asked.

“Th­ese ques­tions in no way prej­u­dice the con­duct of fu­ture Brexit ne­go­ti­a­tions. They re­late to the avail­able op­tions for in­ter­nal re­or­gan­i­sa­tion of the EU post Brexit. Mis­in­for­ma­tion about this may be con­tribut­ing to on­go­ing un­cer­tain­ties as much as the wait for Brexit ne­go­ti­a­tions to start. Deep back­ground pro­vided pub­licly as of now by the Com­mis­sion and/or Coun­cil about the scale of the chal­lenges and prob­lems in this re­gard would help dampen such un­cer­tain­ties,” Dr Sant said.

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