Germany Opposes European Commission's Budget Proposal
(MENAFN) On Wednesday, the German government dismissed the European Commission's suggested €2 trillion ($2.33 trillion) budget plan for the European Union spanning 2028 to 2034.
A spokesperson for Chancellor Friedrich Merz labeled the proposed boost of roughly €700 billion as "unreasonable," especially during a period when every member country is enforcing stricter controls on their national finances.
“Therefore, we will not be able to accept the Commission's proposal. We also do not support the additional taxation of companies proposed by the European Commission,” Stefan Kornelius stated in a press release Wednesday evening.
Earlier the same day, European Commission President Ursula von der Leyen unveiled the €2 trillion budget outline, describing it as "a budget for a new era" designed to align with Europe’s ambitions, address its difficulties, and enhance its autonomy.
This plan must now undergo negotiations with both the European Parliament and the member states of the EU before it can be finalized.
The EU budget's approval requires a majority vote in the European Parliament as well as unanimous consent from all member states acting through the Council.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
