
Wealthy EU Countries Threaten ‘No-Deal Scenario’ over Astronomical EU Budget
Net contributors such as Germany or the Netherlands might be ready to simply walk away from budget negotiations if Brussels keeps insisting on the €2 trillion plan.

Net contributors such as Germany or the Netherlands might be ready to simply walk away from budget negotiations if Brussels keeps insisting on the €2 trillion plan.

Madrid wants the EU to mutualise sovereign debt issuance, while Germany opposes expanding the bloc’s budget and NATO is calling for sustained European rearmament.

On July 2, the European Parliament committee supported a dedicated 10% biodiversity target on top of the broader 35% climate and environment spending goal.

The European Parliament is set to endorse a record-high budget, while EU countries remain divided as time runs short on negotiations.

Plans under the next EU budget would dramatically expand funding for NGOs and campaigns aligned with the Commission’s agenda as resistance to Brussels grows across Europe.

The new EU budget may become a “strategic instrument of political ambition” that seeks to centralize power in Brussels.

Italian Commissioner Raffaele Fitto has signaled openness to changes in the proposed EU budget.