Germany warns EU that €159B budget cuts are not enough
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Irish EU Council presidency proposed cutting about 8% from the bloc’s 2028–2034 budget, including €159 billion in current prices from the Commission’s nearly €2 trillion plan, to satisfy a German-led group seeking deeper cuts. Chancellor Friedrich Merz said the amount is not a basis for agreement; Germany, Sweden, Denmark, the Netherlands, Finland and Austria, which pay 40% of the common budget, called the cuts insufficient and said a year-end deal is less likely.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu