Merkel Wants Overhaul of EU Finances After Brexit

Brexit offers the European Union an opportunity for a broad rethink of its financial set-up, German Chancellor Angela Merkel said on Thursday before an EU summit that will tackle the bloc’s future budget.Chancellor Angela Merkel addresses the German lower house of parliament Bundestag in Berlin, Germany, February 22, 2018. REUTERS/Axel SchmidtAddressing the Bundestag (lower house of parliament), Merkel made clear that the future of the EU would be a priority in her fourth term, provided a coalition deal between her conservatives and the pro-EU Social Democrats is approved by SPD members.“We need a new start for Europe,” said Merkel, adding the looming debate on a new budget for the 27-member bloc after Britain’s withdrawal in 2019 could lead to some major changes.

Source: Merkel eyes overhaul of EU finances for post-Brexit bloc – Reuters

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