Drastic budget cutbacks essential to fund Europe's defense, Germany and allies warn
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German Chancellor Friedrich Merz and leaders of five allied economies urged cutting the European Union's 2028-2034 budget proposal by several hundred billion euros. In a letter to Irish Taoiseach Micheál Martin and European Council President António Costa, the six nations—providing nearly 40% of contributions—stated the nearly €2 trillion budget must shrink to fund European defense.
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