Will UK have to pay share of latest €500 billion EU covid-19 rescue plan?

EU finance ministers have announced another €500 billion in aid to support struggling EU economies. What % of the aid the EU has announced form part of the ‘reste a liquider’ (RAL). The UK was contributing to the RAL according the FT approximately 12% of EU spending between 2014-2018 so has it just incurred a further €60billion?

Will UK have to pay share of EU Finance Ministers €500 billion covid-19 rescue plan?

This link shows the size of the stimulus governments are pumping in to their economies in Europe –

https://www.bruegel.org/publications/datasets/covid-national-dataset

Of the €500 billion latest announcement €240 million will form part of the European Stability Mechanism which in 2016 UK renegotiated to not be liable for.

How long before we see Germans/ Dutch say no to Norther countries bailing out Southern European countries? It will not help a weaken EU if we start to see more political division nor is it likely to make UK exit negotiations any easier as 31st Dec draws ever closer.

Given the huge sums that Governments spend could Blockchain technology be harnessed to make commitments and actual payments more transparent.

Smart Contracts to trigger payments one pre-agreed criteria have been meet efficiency and Improve transparency so citizens have more TRUST in how their money is spent.

More about Irish Tech News and Business Showcase here

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 30,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview, or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles.

Contact us, by email, twitter or whatever social media works for you and hopefully we can share your story too and reach our global audience.

Irish Tech News

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking