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European Commission to propose €56bn raid on ECB profits

March 31, 2018/0 Comments/in Central Banks, Uncategorized Echo_11 /by euitsols

The EU is tossing around the idea of taking profits from the European Central Bank to plug a budget hole after Brexit

€56bn is being eyed to filli n a hole in the EU’s long-term budget
It’ll be discussed at its weekly meeting on Wednesday

The UK has been the EU’s 2nd largest budget contributor

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