(Reuters) -The European Union has imposed a 392.2 million-euro ($451.9 million) fine on Greece over a major scandal involving the mismanagement of agricultural subsidies by a government agency between 2016 and 2022.
The bloc's Executive Commission decided to reduce the subsidies Greece will receive in the next years by 5%, it said on Friday, reflecting the view that there has been no proper supervision and operation of the subsidy management model for years.
