Tag: EU budget

mil

EU Defence Spending Rises in 2023: Greece Among Top Spenders

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.

fraud

Massive VAT Fraud in the EU – Where Does Greece Stand?

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.

livestock

EU Charges Greek Livestock Farmers with Fraud Over Subsidy Claims

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.