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Keyword: germanybrexit

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  • Britain’s exit from the EU will cost Germany billions: EU report

    11/10/2017 10:31:04 AM PST · by Olog-hai · 15 replies
    TheLocal.de ^ | 10 November 2017 10:16 CET+01:00 | DPA/The Local
    According to a study by the EU, which has been published by the Funke Mediengruppe, Germany will have to increase its contribution to the EU budget by €3.8 billion annually after the UK leaves. The additional costs will add up to a 16 percent increase in Germany’s annual contribution to EU finances, the report predicts. “Brexit doesn’t just increase the financial weight on the other 27 EU members; it also changes how the contributions will be divided up,” the report continues. Germany, along with the Netherlands and Sweden currently benefits from a reduction in its contributions, which were agreed along...