Frederich Merz, Chancellor of Germany, has openly rejected the EU's proposed €2 trillion budget for 2028-2034. Merz has found a circle of allies in Austria, Sweden, Denmark, Finland and the Netherlands to demands cuts of hundreds of billions of Euros, and a shift from agriculture spending towards defence and security.
On the other hand, President of the European Council Antonio Costa has forged his own alliance with Lithuania and Estonia. Costa is pushing for increasing taxation powers to the EU to fund defence without having to cut agricultural spending. In a July proposal, the European Commission suggested that taxes on emissions, carbon imports, e-waste, digital services, and large companies could help Brussels raise revenue.
Any new EU revenue streams would have to be unanimously accepted by every member state, which at present looks quite unlikely.
Posted by Desperate_Wear_1866
3 Comments
The dillema:
> increase european federalism prospects, at the cost of maintaining extremely extensive farming subsidies
Vs
> cut down the farming subsidies , at the cost of hampering european federalization prospects.
I’m always a fan of reduced agricultural spending
!ping EUROPE