EU exec seeks higher EU budget guarantees in case of 'hard' Brexit

BRUSSELS (Reuters) - The European Commission wants higher guarantees for the next long-term EU budget to back Commission borrowing for economic recovery and as a safeguard against a "hard Brexit", EU Budget Commissioner Johannes Hahn said on Thursday.Britain left the European Union at the end of January, but has various financial obligations to the 27-nation bloc that will last many years.EU law now says that the maximum national contribution to the EU budget by governments can be 1.2% of gross..