In Brussels on Thursday 12 January, the President of the high-level group on own resources, Mario Monti, said that new income for the budget of the EU could be used to offset the resources that will be lost when the United Kingdom leaves the EU (see EUROPE 11701).
During the presentation of the group's recommendations before the European Parliament's committee on budgets, Monti, as well as most of those who took the floor, argued that the concept of a 'fair return' (in accountancy terms)...