Oettinger warns Germany will have to pay more after Brexit

 

EurActiv.com with AFP and Reuters

 28/02/2017

Germany and other net contributors to the EU budget will have to pay out more once the United Kingdom leaves the bloc, European Commissioner Günther Oettinger said in comments published yesterday (27 February).

Günther Oettinger warned Germany and net contributors to the EU budget would have to pay out more after Brexit.
[European Commission]

Britain’s net contribution of some €9 billion could not be offset totally through future budget cuts, Oettinger told business daily Handelsblatt in an interview.

Germany, Europe’s largest economy, makes the largest net contribution to the EU budget each year at more than €15 billion.

According to an internal Finance Ministry report in September, Germany may have to contribute an extra €4.5 billion in 2019 and 2020, after Britain leaves.

Senior German government officials have said the EU budget must shrink if Britain’s contribution falls away.

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