September 23, 2009

Germany gives most to 2008 EU budget

Germany contributed the most to the European Union budget in 2008, while Greece was the largest recipient, the European Commission said.

Germany paid out the largest sum, a record $13 billion, followed by Italy and France, which paid about $6 billion each, the EUobserver reported Wednesday.

The largest recipient, Greece, was allocated $9.3 billion. The second largest, Poland, received $6.5 billion.

Greece benefited from large agricultural payments and a contribution meant to lift the country's gross domestic product closer to a regional average.

Britain's contribution fell dramatically, from $5.9 billion to $1.4 billion due to shifting currency values prompted by the recession, the EUobserver noted.