EU unveils €2-trillion budget proposal
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Good morning. Germany said no to the European Commission’s €2 trillion budget proposal. Keir Starmer and Friedrich Merz will sign a new treaty in London. And about 1,000 people join the waitlist every night for fried chicken.
The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.
The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.
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One of the European Union’s most reliable punching bags is shaped like a bottle of whiskey. The EU this week circulated to member states a list of products it could hit with tariffs if a trade deal is
EU trade chief Maros Sefcovic will head to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
The European Union has proposed a budget of close to €2 trillion ($2.3 trillion) for its next seven year budget, as it seeks to fend off a range of challenges from rising global economic competition to increased defense demands.