Germany Leads Push for Hundreds of Billions in EU Budget Reductions

Six member states advocating fiscal restraint demand the proposed €2 trillion EU budget be scaled back significantly to align with national consolidation efforts.

27 Aug, 12:00 — 27 Aug, 12:00

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bloombergHigh3d ago

Germany Leads Call for EU Budget Cuts in ‘Hundred Billion’ Range

Germany and five other nations that favor fiscal restraint said a €2 trillion ($2.3 trillion) seven-year European Union budget proposal must be scaled back “by several hundred billion” euros, arguing that it should reflect the budgetary consolidation taking place across the bloc.

By Patrick Donahue and Arne Delfs

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Germany Leads Push for Hundreds of Billions in EU Budget Reductions

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Germany Leads Call for EU Budget Cuts in ‘Hundred Billion’ Range

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