US EditionEU mega budget hits immediate German opposition
- The European Commission proposed a €2 trillion long-term budget focused on security and competitiveness, which includes €100 billion for the reconstruction of Ukraine.
- Germany rejected the plan, citing its size as unreasonable during a time of national budget tightening.
- Many EU lawmakers expressed concerns that the budget lacks sufficient funds for climate adaptation and agricultural subsidies.
- Protests occurred in Brussels against potential cuts to farmers' funding under the Common Agricultural Policy, which remains a significant budget concern.
43 Articles
43 Articles
EU mega-budget draws immediate German opposition
BRUSSELS - The European Union executive on Wednesday proposed a 2-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc’s largest member.
According to a government spokesperson, Germany also does not accept the proposal for an additional tax on large European companies.
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EU mega budget hits immediate German opposition
The European Union executive on Wednesday proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc's largest member.
More defence, more competitiveness: the President of the Commission wants to make the EU more sustainable with a higher budget, but the Community's main donor is opposed to spending increases.
The European Commission (EC) on Wednesday presented a proposal for an ambitious multiannual financial framework worth almost €2 trillion, but Germany and farmers' unions were quick to voice their objections. The MEPs responsible for the budget are also unhappy. Everyone's reasons for dissatisfaction are different.
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