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Central and east European (CEE) states are due to lose around a quarter of their EU structural funding and 20% of Emissions Trading System (ETS) revenues next year, as the bloc looks to save money ahead of Brexit....Most ETS earnings are currently ploughed into national emissions-cutting initiatives....

The cutbacks would help to plug the roughly €12bn-sized funding hole that Brexit is expected to create – and to fund a similar amount pledged for increases to defence and migration spending.

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