EU should use Google fines to cut member state contributions to b
www.globalbankingandfinance.com
France urges the EU to use multi-billion euro Google fines to reduce member states' budget contributions as talks continue on the 2028-2034 EU budget.

cross-posted from: https://scribe.disroot.org/post/11593298

  • France argues that proceeds from Google fines—€890 million imposed in July and a cumulative €10.38 billion over nearly two decades—should directly lower national budget contributions, providing a new EU revenue stream.
  • The European Commission’s proposed 2028–2034 Multiannual Financial Framework totals nearly €2 trillion (about 1.26 % of EU GNI), with talks underway to finalize budget size and priorities by end‑2026.
  • Utilizing fine revenues as budget offsets could ease fiscal pressure on member states, offering a politically palatable ‘own resource’ while highlighting the link between competition enforcement and EU financing.

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“This [Google fines] is a new revenue source for the European Union — worth €4.6 billion — that should automatically lower the contributions of all member states,” [France’s Europe Minister Benjamin] Haddad said.

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  • tardigradeOPEnglish
    2·
    1 month ago

    Instead fines should be cashed out at the end of the fiscal year and may contribute to next years budget, but not offset the current one.

    This is what is meant, only that the EU has a multi-year budget, and now they are about to plan for 2028-2034.