Sources: EU agrees no-deal Brexit compensation for Irish farmers - Sunday Times
|The Irish edition of the Sunday Times newspaper quoted the Irish government and EU sources, as saying that should there be a collapse in beef and dairy prices due to a no-deal Brexit outcome, the European Commission has agreed to compensate the Irish farmers, Reuters reports.
Key Points:
“Farmers would be in line for hundreds of millions of euros in emergency aid to offset a market collapse and the loss of British customers
The compensation, similar to measures taken when Russia banned EU farm produce, could also apply to Dutch and Belgian flower producers and Danish dairy and bacon farmers, all of whom export heavily to Britain.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.