Abstract:
On September 29, Reuters reported that French European Affairs Minister Benjamin Haddad said on Tuesday that
the EU should use the proceeds from the multi-billion-euro fine imposed on Google to reduce member states’ contributions to the EU budget.
French European Affairs Minister Haddad
Hadad said in an interview with French News: "This is a new source of revenue for the EU, amounting to 4.6 billion euros. This fund should be used to automatically reduce the contributions of all member states. "
In July this year, Google was fined a total of 890 million euros (approximately $1.01 billion) for violating EU regulations aimed at curbing the power of large technology companies. The recent fine brings the total EU fines imposed on Google for anti-competitive behavior in the past two decades to 10.38 billion euros.
Currently, EU countries are divided on budget size and spending priorities. EU governments are negotiating a budget for the period from 2028 to 2034 and plan to continue negotiations at summits in October, November and December in an effort to reach an agreement before the end of the year.
The European Commission proposes that the budget should reach 2 trillion euros, accounting for 1.26% of the EU's total national income. About 168 billion euros, or 0.11% of gross national income, will be used to repay the borrowings raised by the EU for the post-epidemic recovery fund.
Comments