UNITED STATES (OBSERVATORY) – The European Commission (EC) urged Germany to increase payments to the European Union budget by 12 billion euros per year in the next ten years.
The new costs and losses due to the forthcoming exit of the UK from the EU (Brexit) will require from Germany as the largest payer to the budget of the union an additional 3.5-4 billion euros per year, besides in the coming years it is necessary to compensate expenses due to inflation the rise in prices, said the European Commissioner for Budget Guenter Ettinger in an interview with the ARD media company in Brussels.
EC on Wednesday presented the draft budget of the European Union for the period 2021-2027 in the amount of 1.135 trillion euros. The budget of the current seven-year plan is 1.087 trillion euros.
In connection with Brexit and the new tasks of the European Union in the spheres of migration and defense G. Ettinger planned to reduce the appropriations for the needs of farmers and structural reforms in the regions, Deutsche Welle reports.
Assistance to farmers will be reduced by 5%. According to G. Ettinger, this could lead to an increase in food prices, however, as he put it, “such is life – we will have to pay as much as the market requires.”