Brexit Will Mean Cuts for the Rest of the EU, Denmark Says

  • Danish Finance Minister sees farm, industry subsidies falling
  • Germany unlikely to fill budget gap U.K. leaves, minister says
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Without Britain’s contributions, the remaining European Union members will need to get by on a smaller budget, according to Denmark.

No one, including Germany, wants to fill the 7.6 billion-euro ($7.9 billion) hole that will be left once Britain -- a net contributor to the EU -- leaves the bloc, Danish Finance Minister Kristian Jensen said in an interview in Copenhagen on Friday.