US Edition
EU Countries Begin Political Battle over €2 Trillion Budget
EUROPEAN UNION, JUL 17 – The draft proposes up to €2 trillion with increased defence spending and a new €410 billion competitiveness fund amid uncertain member state support and reform challenges.
- On Friday, ministers for European affairs met in Brussels to begin talks on the Commission’s proposed 2028-2034 budget, which was presented July 16.
- The European Commission drafted the 2028-2034 draft budget, including a new €410 billion competitiveness fund and mechanisms tying disbursements to reforms.
- Budget appears stuck before negotiations begin, with no clarity on how funds will be spent or who benefits, risking delays and stakeholder confusion.
- Defending the draft, Piotr Serafin said, `We understand it is not the time to call for higher contributions,` while other actors expressed concerns about acceptance.
- The Danish presidency plans to finalise a `nego-box` by year-end, aligning with the goal of shaping future EU budget negotiations and balancing priorities.
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The European Commission has presented a new budget plan worth a staggering two trillion euros. Frugal EU countries are strongly criticizing the plan. Shared debt, in particular, poses an obstacle for countries like the Netherlands and Germany. Politician Richard de Mos and tech specialist Ben van der Burg discuss the issue on Nieuws van de dag.
·Amsterdam, Netherlands
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Regional and agricultural funding is now less than half of the budget, and the EU has turned its attention to economic competitors China and the United States.
Coverage Details
Total News Sources15
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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