Germany and five other countries have threatened to veto the bloc’s next budget unless Brussels cuts hundreds of billions in spending
The EU’s next budget should be cut by hundreds of billions of euros and shift funding away from agricultural subsidies and towards military spending, Germany and five other member states have demanded, threatening to block a deal unless Brussels agrees to the reductions.
The ultimatum was set out in a letter, seen by the Financial Times, to Irish Prime Minister Micheal Martin, whose country holds the rotating EU presidency and is overseeing the budget negotiations.
It was signed by the leaders of Germany, the Netherlands, Sweden, Denmark, Austria and Finland, which argued the EU must spend more on defense and other new priorities while reducing the European Commission’s proposed €2 trillion budget for 2028–2034.
The budget “must be fundamentally reformed. We must make choices,” the leaders wrote, according to the Financial Times. A diplomat from one of the six countries told the newspaper there would be no agreement this year unless spending was cut.
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