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Brexit will Result in a Deficit of EUR 12 Billion in the EU Budget

EU Budget Commissioner Gunther Oettinger said that after the leave of Britain from the EU, an annual deficit of 10 to 12 billion euros would appear in the Union budget. He explained that the EU should move to austerity or countries to pay more in the Union budget to offset the lower revenues. Reports Mediapool.

Former German Chancellor Helmut Kohl dies at 87

Former German Chancellor Helmut Kohl has died, German newspaper Bild reported. He was 87 years old.
Kohl, the architect of German reunification, was the first chancellor after the fall of the Berlin Wall.
In 1989, Kohl proposed to reunite Germany and the reunification occurred in October 1990, according to Sputnik News.

Regling: Greece would be out of crisis, if it had not gone off the rails in 2015

Director of the European Stability Mechanism Klaus Regling said that Greece would have been out of there crisis in 2015 of the government under then Finance Minister Yianis Varoufakis had not taken the wrong path. In an interview to German newspaper Bild, Mr.

Turkey’s Erdogan warns Europeans ‘will not walk safely on the streets’ if diplomatic row continues

Europeans across the world will not be able to walk the streets safely if they keep up their current attitude towards Turkey, President Recep Tayyip Erdogan has warned.

Turkey has been mired in a diplomatic row with Germany and the Netherlands after they banned Turkish officials from campaigning in support of an April referendum on boosting the Turkish President’s powers.

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