France and Germany Lock Horns over EU Budget
Germany and France are clashing over cuts to a nearly €2 trillion EU budget, while Ireland prepares a compromise before leaders meet in Brussels.
- On Saturday, Ireland, holding the rotating European Union presidency, will unveil a revised budget proposal aimed at bridging gaps between member states before leaders meet in Brussels next week.
- Germany and five 'frugal' allies demand deep budget cuts citing 'painful fiscal consolidation,' while France argues the bloc needs sufficient resources to meet rising challenges.
- Seventeen countries from the 'Friends of Cohesion' group seek greater funding for agriculture and regional development, while Brussels has proposed new revenue sources including levies on large companies and electronic waste.
- Negotiators face a year-end deadline, though the risk of delay grows following Spain's snap election call for next month, as the European Union aims for a deal by Christmas.
- The proposed budget represents an increase of around 60 percent, prompting a senior European diplomat to note 'there is a shared sense of urgency around the need to do this' regarding negotiations.
13 Articles
13 Articles
Countries that follow a strict fiscal policy said that, after the Irish proposal, reaching an agreement by the end of the year seems less likely The post EU: Germany opposes proposed budget cuts – Defense and agriculture in the spotlight appeared first on in.gr.
Germany and its allies rejected Ireland's plan to reduce the block budget for the next seven years, arguing that the proposed cuts are insufficient.
Difficulties in reaching an agreement this year are anticipated as Germany and France clash over the European Union's next long-term budget plan (2028–2034). Six countries, including Germany, are demanding massive budget cuts, while France maintains that sufficient finances are necessary to strengthen national defense and secure economic competitiveness. According to AFP on the 10th (local time), the seven-year long-term budget plan proposed by …
This compromise drawn up by Ireland, which holds the rotating presidency of the EU, aims to unblock negotiations on the next European budget, for the time being at a standstill. The EU would like to conclude them before Christmas, in order to avoid their being telescoped by the many electoral deadlines of 2027, notably the presidential elections in France, where the far right is leading the polls, but this timetable is particularly tight, given …
The Local - FrThe Local - DeFrance, Germany lock horns over long-term EU budget
Daggers have been drawn over the European Union's next seven-year budget, with Germany and France at loggerheads over whether Brussels should make deep cuts in a battle increasingly expected to overshoot the end of the year.
(Seoul/London = Yonhap News) Reporter Shin Jae-woo, Correspondent Kim Ji-yeon = If France and Germany clash head-on over the European Union (EU)'s next long-term budget (2028–2034)...
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