Germany threatens to reject the European Union budget.. What did Berlin stipulate?
Germany demanded a reduction of 400 billion euros (456 billion ) of the proposed European Union budget of two trillion euros for the years 2028-2034, warning that current plans "Unbearable"According to an internal government document I reviewed "Reuters" On Tuesday.
Berlin feels like the largest Financial contributors in the European Union are concerned about the size of the proposed budget for the next seven years, which represents a significant increase from the 1.3 trillion euro budget for the period 2021-2027.
Berlin stressed that even with its proposed cut of 400 billion euros, the budget will still be 27% larger than the current budget, which will raise Germany’s annual contribution to more than 50 billion euros.
For his part, the German Chancellor urged, Friedrich Merz, EU Member States, to conclude an agreement this year to ensure planning stability before the budget enters into force in January 2028, especially with the approach of key elections in France, Poland and Italy in 2027.
Given that the The eurozone, called the Multiannual Financial Framework, requires consensus from all 27 member states. Germany’s strong opposition signals a tough battle ahead, with Berlin warning in the document that "Under the current situation, it is impossible to reach an agreement".
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