France’s Europe minister Benjamin Haddad says EU should use Google fines to cut member contributions
Haddad said the proceeds of EU Google fines are a new revenue source worth €4.6 billion that should lower member state contributions. The EU fined Google €890 million in July, bringing total EU penalties to €10.38 billion over nearly two decades.
PARIS, Sept 29 (Reuters) — The European Union should use the proceeds of the billions of euros in fines imposed on Google to reduce the contribution of member states to the EU budget, France's Europe Minister Benjamin Haddad said on Tuesday. 6 billion — that should automatically lower the contributions of all member states," Haddad said in an interview with Franceinfo TV station. EU capitals are divided over both the size of the budget and spending priorities. 01 billion) in July for flouting European Union rules aimed at reining in the power of Big Tech.
38 billion over nearly two decades. EU governments are negotiating the budget for the 2028 to 2034 period, including at summits in October, November and December in an effort to secure a deal before year-end. 11% of GNI, is to service the EU's borrowing for the post-pandemic recovery fund. com;)