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EU civil servants working in other countries than Belgium or Luxembourg receive their salary with an adjustment that takes into account the local cost of living. (Photo: Ken Teegardin)

Relocation of EU agencies could save money

The relocation of the European Medicines Agency (EMA) and the European Banking Authority (EBA) out of London after Brexit, may not be completely negative.

It is likely that the moves will lead to a financial windfall of several million euros a year, because of the way EU salaries were calculated.

EU civil servants working in other countries than Belgium or Luxembourg receive their salary with an adjustment that takes into account the local cost of living.

This mechanism is c...

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EU civil servants working in other countries than Belgium or Luxembourg receive their salary with an adjustment that takes into account the local cost of living. (Photo: Ken Teegardin)

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