Germany reportedly demanding €400B cut to EU Commission's proposed 2028-34 budget of €2T
Germany reportedly demanding €400B cut to EU Commission's proposed 2028-34 budget of €2T
Story updates
10:44:41 AM UTC
SQUAWKNEWS
Germany said to be warning that the current plans are "unaffordable," according to an internal government document seen by press - Because the EU budget, called Multiannual Financial Framework, requires unanimity among all 27 member states - As the EU's largest net contributor, Germany is alarmed by the proposed scale of the next seven-year budget, which is a significant increase from the €1.3T budget for 2021-2027.
Germany said to be warning that the current plans are "unaffordable," according to an internal government document seen by press - Because the EU budget, called Multiannual Financial Framework, requires unanimity among all 27 member states - As the EU's largest net contributor, Germany is alarmed by the proposed scale of the next seven-year budget, which is a significant increase from the €1.3T budget for 2021-2027.