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"Position paper transmitted to the EU27: essential principles on the financial settlement (pdf, 24 May 2017)
2. This single financial settlement should be based on the principle that the United Kingdom must
honour its share of the financing of all the obligations undertaken while it was a member of the
Union. The United Kingdom obligations should be fixed as a percentage of the EU obligationscalculated at the date of withdrawal in accordance with a methodology to be agreed in the first phase of the negotiations.
  1. On this basis, the United Kingdom should continue to benefit from all programmes as before the withdrawal until their closure under the condition that it respects the applicable Union legal rules.
  2. Accounts shall be established in euro and all payments from the United Kingdom to the Union should be made in euro.

See Annex 2. List of basic acts financed by the consolidated account

Diversity is the key to economic and political evolution.
by Cat on Sun Aug 27th, 2017 at 05:49:43 PM EST
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