EU should use Google fines to cut member state contributions to budget, France says

EU should use Google fines to cut member state contributions to budget, France says

The Star Online - Tech·2026-09-29 19:00

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.

• "This is ​a new revenue source for the ⁠European Union — worth €4.6 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.

• Google ‌was fined a total of €890 million ($1.01 billion) in ⁠July for ​flouting European Union rules aimed at reining in the power of Big Tech.

• The recent fines pushed the total ⁠penalties imposed on Google by the ​EU foranti-competitive practices to €10.38 billion over nearly two decades.

• EU governments are negotiating the budget for the 2028 ⁠to 2034 period, includingat summits in October, November and December in an effort to secure a deal before year-end.

• The European Commission has proposed the budget ​should amount to €2 trillion or 1.26% ⁠of EU Gross National Income, of which some €168 billion, ​or 0.11% of GNI, is to ‌service the EU's borrowing for ​the post-pandemic recovery fund. ($1= 0.8806 euros)

(Reporting by Inti Landauro; editing by Richard Lough, Kirsten Donovan)

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