As part of an EU budget proposal, Berlin could reportedly see its already sizable annual pay-offs to Brussels’ financial pot surge by around an astonishing 42 per cent from 2021, totaling €308 billion within the next seven years.
Germany would have to pay €13 billion ($14.6 billion) more every year than it currently does, Die Welt daily reported citing calculations the federal government gave in response to a request from Gerald Ullrich, a member of the liberal Free Democratic Party (FDP). That assessment is based on the existing proposal from the European Commission.
For the time being, Berlin contributes roughly €31 billion ($34 billion) to Brussels per year, but if the proposal – which covers European finances for the next seven years – is given the green light, the general sum is projected to snowball to a massive €308 billion throughout the span of that period, Die Weltnotes.
The European powerhouse is already sending more money to Brussels than every other country within the union. Statistics for 2018 placed Germany far ahead of France and great britain. Now, the departure of the latter has already taken a heavy toll on EU finances.
The 13 billion euro increase has been tied to Brexit, according to the paper, as it left the bloc without among its largest net contributors, namely Britain. European Commission chief Ursula von der Leyen – a former defense minister of Germany – pledged to save your self costs but at the same time make EU members pay more.
Extra money will undoubtedly be spent on digitization, research, external border protection, climate change and the Erasmus academic exchange program, Ulrich told Die Welt.
EU leaders are required to hold a virtual summit this Friday, going online to discuss the bloc’s plan for 2021-27, on a par with the planned coronavirus recovery fund. Berlin has been tight-lipped, when commenting on the sensitive issue.
“It’s of course too early to float specific numbers now,” government spokesman Steffen Seibert told a normal news conference in Berlin, as cited by Reuters. He acknowledged, however, that it was clear even before the Covid-19 epidemic that Germany’s contributions will rise dramatically beneath the circumstances.
Like this story? Share it with a friend!