We Cannot Have New European Debt, German Chancellor Says
6 Articles
6 Articles
The EU financial framework, China policy, the Ukraine war: big issues are on the agenda at the EU summit in Brussels. Volodymyr Selenskyj is also on the agenda.
German Chancellor Friedrich Merz said on Thursday that there "must be no new European debt." He made this statement upon arrival in Brussels, where EU government leaders are holding their summit on Thursday and Friday. The EU multiannual budget for 2028-2034 is one of the important, and thorny, agenda items.
German Chancellor Friedrich Merz has firmly rejected the possibility of the European Union incurring further joint financial obligations. Berlin expects the community's future budget to be based on the principle of balance.
At the start of the European Council in Brussels on 18 June 2026, Federal Chancellor Friedrich Merz followed the geopolitical and economic results of the previous G7 summit. At the centre of the two-day discussions are the strengthening of industrial competitiveness, the forthcoming EU enlargement and tough negotiations on future EU finances. {/mprestriction} Depletion of bureaucracy and geopolitical monetary questions Merz thanked EU Commission…
Ahead of the European Council meeting, German Chancellor Friedrich Merz (CDU) rejected the idea of new European debt. "I have made it clear from my perspective: there can be no new European debt," Merz said on Thursday in Brussels. "The budget must be balanced, and therefore we will have to make a major effort in the second half of the year to finalize the budget for the years from 2028 onwards." A preliminary debate on the design of the EU's mu…
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