Documents show that the EU’s liabilities grew by almost 4 percent in 2016, with the cost of pensions for EU officials and lawmakers rising more than 5 percent.
The EU’s total liabilities grew to 234.8 billion euros ($277 billion) in 2016 from 226.1 billion euros in 2015, according to a document detailing the bloc’s accounts seen by Bloomberg. Britain’s share of this would run between 18.7 billion euros and 35 billion euros, depending on how the two sides agree to calculate the U.K.’s obligations. That would probably come on top of the approximately 20 billion euros the U.K. has indicated it would be willing to pay to plug the hole in the EU’s budget for two years after it leaves in 2019. [...]
Full article on Bloomberg
© Bloomberg
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article