But the research by the Jacques Delors Institute, a pro-federal Europe think-tank, warned there is 'no easy way to fill the "Brexit gap" of around €10billion per year'.
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'This poses a number of tough challenges for the EU but could also support efforts to reform the current system.'Detailing the scale of the hole in EU finances, the policy paper says: 'We estimate that the ‘Brexit gap’ in the budget would amount to approximately €10 billion per year.'The EU Member States need to decide whether to adjust to this shortfall by (1) increasing national contributions, (2) cutting spending, or (3) a combination of the two.
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