Digital Commissioner for the European Commission Günther Oettinger said Germany may  lose 1 billion euro because of Brexit.

Germany will have to pay more to the EU budget, he said in an interview with Bild newspaper. Nevertheless, Oettinger said there could be two scenarios: if the EU budget remains the same, other countries will have to provide assistance. If the budget is cut equal to Britain’s fee, then the assistance is not needed.

According to reports, Britanin’s financial sector will lose around 30 jobs because of Brexit.