German regional official: cut EU spending after UK exit

Associated Press ^ | Jun 30, 2016 2:54 AM EDT

[Olog-hai]

A German regional official says the European Union should cut spending rather than compensate for Britain’s EU budget contribution by making his country pay more. […]

Bavaria’s state finance minister, Markus Soeder, told daily Die Welt’s Thursday edition: “We Germans must take care that, after a Brexit, the British payments are not simply transferred to Germany and the other net contributors.”

Asked how the EU should make up the money, he was quoted as saying: “Very simple. By saving.” …

[Olog-hai]

Good luck getting through to them, Mr. Soeder. Your elitist counterparts want all the other EU countries dependent instead of standing on their own feet.

[rjsimmon]

Cut spending? The EU?

Heresy!

[Anitius Severinus Boethius]

If the E.U. is losing money due to the U.K. leaving, then who is gaining that money?

Logic would dictate that the U.K. is going to see a net gain, contrary to the fear mongering of the "Remain" advocates.

[Sacajaweau]

http://finance.yahoo.com/news/full-text-of-soros-speech-to-eu-parliament-115156180.html

[Vigilanteman]

Kind of like the dilemma faced by liberal states when their cash cow businesses leave the barn . . . they have to sheer the other sheep more.

[Spirochete]

cut EU spending after UK exit

A tacit admission that the EU is fleecing the UK. Once their Golden Goose is gone, they'll be forced to cut spending.