> Fines imposed on undertakings found in breach of EU antitrust rules are paid into the general EU budget. This money is not earmarked for particular expenses, but Member States' contributions to the EU budget for the following year are reduced accordingly.
Also, because there are always people in these discussions commenting things they haven't given a single thought to. No, these fines do not finance the EU.
The EU budget is around €160 billion to €180 billion each year. Roughly 1% of the EU GDP, contributed by member states.
Fines this large are the exception, not the rule. So fines do make up a very small portion of the overall budget.
https://competition-policy.ec.europa.eu/index/fines_en
Also, because there are always people in these discussions commenting things they haven't given a single thought to. No, these fines do not finance the EU.
The EU budget is around €160 billion to €180 billion each year. Roughly 1% of the EU GDP, contributed by member states.
Fines this large are the exception, not the rule. So fines do make up a very small portion of the overall budget.