In 2023, EU governments allocated €227 billion to defence, representing 2.7% of total expenditure and 1.3% of GDP. Greece ranked among the top spenders, dedicating 2.2% of its GDP to defence, following Latvia, Estonia, and Lithuania. The increase in defence budgets across the EU reflects a growing focus on security amid geopolitical tensions.
Tag: EU budget
The European Public Prosecutor’s Office (EPPO) reported a surge in VAT fraud investigations across the EU, with over 2,600 active cases by the end of 2024—a 38% increase from the previous year. Estimated damages reached €24.8 billion, with over €13.15 billion linked to cross-border schemes. Greece ranked fifth among 22 EU countries, with 15 active investigations, while Germany and Italy topped the list. A major crackdown, Operation “Moby Dick,” uncovered extensive fraud networks in Italy, leading to seizures of luxury assets and bank accounts. Fraud linked to EU recovery funds also remains a growing concern.
Dozens of Greek livestock farmers have been charged with fraud for falsely claiming EU agricultural subsidies, causing an estimated €2.9 million in losses. Investigators say the suspects submitted fake land ownership and lease documents to secure funds from EU agricultural programs. The cases will go to trial in Greece in March and May, with the accused facing up to five years in prison and hefty fines.
European Union leaders agreed on the conclusions regarding Turkey at the summit in Brussels. The…
Upon his arrival at the EU Summit in Brussels on Thursday, Greek PM Kyriakos Mitsotakis…
The EU has gone ahead with changes in its Regional Development and Cohesion Policy for…