EU Budget Commissioner Günther Oettinger expects from the EU-27 member states to contribute at least € 16 billion more to the forthcoming EU budget.
Oettinger explained on Wednesday that his claim for an extra € 16 billion per year could fix the bloc’s main gaps: "We have two major gaps - a revenue gap and an expenditure gap," said the Commissioner. As for the revenue gap, this comes from the withdrawal of the UK from the EU and is currently estimated by the EU executive between 12 and 14 billi...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now