Budget Proposal Supportive for EU, Cohesion Funds to Fall
Country Risk / Europe / Tue 08 May, 2018
The European Commission's proposal for the next Multiannual Financial Framework (MFF) would support the creditworthiness of the European Union ('AAA'/Stable) despite the negative impact of Brexit on EU funding. The UK's exit from the EU means that other net contributors would pay more into the EU budget, and the Commission has proposed cuts to