Brexit: Austria to Receive EUR 16.8 Million to Cushion Impact

PeoplePoliticians ♦ Published: January 15, 2021; 15:30 ♦ (Vindobona)

To alleviate the likely negative effects of the United Kingdom leaving the European Union, the European Commission has set up a reserve, from which EU member states will receive funding. Austria is entitled to EUR 16.8 million, while other member states, which have closer trade links to the leaving party, will receive more.

After Brexit, the EU tries to alleviate the economic effects on the EU member states. / Picture: © Wikimedia Commons / Furfur / Public domain

Austria is to receive EU 16.8 million in 2021 from the reserve proposed by the European Commission to cushion the economic and social consequences of the United Kingdom's exit from the EU.

Ireland, which will be hardest hit, is to receive more than EUR 1 billion. …