October 17
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Germany will need to pay an extra 3.8 billion euros into the EU's coffers once Britain leaves the bloc. A new report, which is likely to rile German taxpayers, suggests France and Italy will face much lower budget hikes, DW reported.

Germany is being threatened with significantly higher contributions to the European Union's budget when Britain completes its departure from the bloc in 2019.

The Funke-Mediengruppe newspapers on Friday cited a report by the European Parliament, suggesting that the Berlin government would suddenly be on the hook for an extra €3.8 billion ($4.2 billion), a rise of 16 percent. In 2016, Germany's net contribution — minus EU monies returned to fund projects in the country — amounted to €15.6 billion.

By comparison, France would face an additional €1.2 billion per annum bill on top of its €5-6-billion net contribution, and Italy would pay an extra €1 billion.

"Brexit does not just increase the financial burden for the EU-27, but also changes the distribution of that burden," the newspaper group cited the report as saying.

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