11/10 Germany’s EU bill to rise by 16 percent post-Brexit: report

Edited by walterp on . Posted in News In Brief

Germany is being threatened with significantly higher contributions to the European Union’s budget when Britain completes its departure from the bloc in 2019. The Funke-Mediengruppe newspapers on Friday cited a report by the European Parliament, suggesting that the Berlin government would suddenly be on the hook for an extra €3.8 billion ($4.2 billion), a rise of 16 percent. In 2016, Germany’s net contribution — minus EU monies returned to fund projects in the country — amounted to €15.6 billion. By comparison, France would face an additional €1.2 billion per annum bill on top of its €5-6-billion net contribution, and Italy would pay an extra €1 billion.

Trackback from your site.

Leave a comment

Skip to toolbar