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EU's Juncker says next EU budget has to be bigger despite Brexit

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - The European Union's next long-term budget has to be larger than the current 1 percent of EU GDP (gross domestic product), despite the loss of major net contributor Britain, the head of the European Commission said on Monday.Speaking at a conference on the next seven-year budget of the EU, which starts in 2021, Jean-Claude Juncker said it would have to finance joint EU policies in the areas of defence, security, migration, climate change, cohesion and agriculture."Britain will be leaving us..., so we need to find ... a means to reacting to the loss of a several billion ...

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First Published: Mon, January 08 2018. 21:12 IST