August 30, 2018 / 1:12 PM / 22 days ago

Denmark to set aside $110 million for hard Brexit in 2019 budget proposal - Finans.dk

COPENHAGEN (Reuters) - Denmark’s government has put 700 million Danish crowns (84.54 million pounds) aside in its 2019 budget proposal to deal with the potential costs of a hard Brexit, the country’s finance minister said.

FILE PHOTO - Danish Foreign Minister Kristian Jensen delivers remarks with U.S. Secretary of State John Kerry (not pictured) at the State Department in Washington March 9, 2016. REUTERS/Gary Cameron

“We have a reserve pool of 700 million crowns to meet problems that may arise if Brexit ends with no deal or a situation where Britain doesn’t live up to the obligations they have,” Finance Minister Kristian Jensen said according to Finans.dk.

He was not specific about what the money would be used for.

“It will be used when we know the consequences of the Brexit negotiations,” Jensen said.

Reporting by Jacob Gronholt-Pedersen; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below