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GreekReporter.comEuropeNot Complying with EU Common Agricultural Policy Costs Greece 260 Million Euros

Not Complying with EU Common Agricultural Policy Costs Greece 260 Million Euros

Breaking the rules of the Common Agricultural Policy (PAC) will turn out to be costly for Greece. Brussels today asked member states to pay back 530 million euros, and Greece has to pay more than any other country. Greece will have to pay back almost 260 million euros due to serious lack of controls and default of payment.
Spain has to refund 116 million euros, France 2.326 million, Italy 2.078 million and Portugal 720 thousand euros. The measure also affect Bulgaria, Denmark, the Netherlands, Romania and the UK.
The payments will flow back to the EU budget. Member states are responsible for the payment and verification of costs of the common agricultural policy, but the European Commission checks if the states have made correct use of the funds.

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