Costa: We Cannot Ask for More Money From Member States, New Taxes Will Be Needed
8 Articles
8 Articles
António Costa would protect member states' budgets from increased payments with new EU revenues, while Friedrich Merz would cut hundreds of billions of euros from the next common budget. The agreement planned for the end of the year is being hampered by the fact that governments have so far provided support for less than a third of the new revenues hoped for by Brussels.
SCURT: António Costa faces resistance in Berlin in an attempt to find a compromise on the future of the EU budget, as Germany and other states "wealth demand reductions, while most states support a larger budget. In Spain, according to declassified documents, the information services had warned the Moroccan and local authorities about the massive wave [...] Article News from Europe's capitals, September 10 appears first in the PS News.
Key takeaways: António Costa, the President of the European Council, has proposed introducing new taxes at EU level to alleviate the financial burden on member states. During discussions in Berlin with German Chancellor Friedrich Merz, Costa clarified that developing these ‘own resources’ is essential to prevent additional […]
France leads the pressure for new European resources to contribute more than 60 billion annually to the Community budget
Brussels wants to tax the turnover of companies as early as 2028. The French Treasury wins, French companies lose there, and Paris supports the text.
At the heart of the negotiations for the next multiannual budget of the European Union (2028-2034) is the proposal to impose new European taxes worth 66 billion euros per year. The President of the European Council, Antonio Costa, during a joint press conference in Berlin with German Chancellor Friedrich Merz, argued that the creation of these new "own resources" could ease the direct national contributions of member states to the Union's coffer…
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