The EU proposed a two-trillion-euro budget for 2028-2034, aimed at enhancing security and competitiveness against overseas threats, including Russian aggression. Germany rejected the proposal, citing concerns over budget increases while managing national financial consolidation. The budget allocates funding for defense, space, and support for Ukraine’s reconstruction. There are significant concerns among EU lawmakers regarding inadequate funding for climate adaptation and agriculture subsidies, which are crucial components of the EU's financial priorities.
The European Commission proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it faces opposition from Germany.
Germany expressed inability to accept the ambitious proposed budget for 2028-2034, particularly opposing the increase while consolidating its own national budget.
A significant part of the budget includes 100 billion euros for the reconstruction of Ukraine, reflecting a commitment to bolster Europe's security.
Concerns were raised regarding insufficient funds allocated for climate adaptation and agriculture subsidies, crucial issues amid the current budget proposal review.
Collection
[
|
...
]