{"id":3359,"date":"2026-06-30T16:42:54","date_gmt":"2026-06-30T16:42:54","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=3359"},"modified":"2026-06-30T16:42:54","modified_gmt":"2026-06-30T16:42:54","slug":"germany-demands-450-billion-cut-to-unaffordable-eu-budget-document-shows","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=3359","title":{"rendered":"Germany demands $450 billion cut to &#8216;unaffordable&#8217; EU budget, document shows"},"content":{"rendered":"<div>\n<div>BERLIN, June 30 (Reuters) &#8211; Germany is demanding a \u20ac400 billion ($456 billion) cut to the European \u200bCommission&#8217;s proposed budget of \u20ac2 trillion for \u200c2028-2034, warning that the current plans are &#8220;unaffordable,&#8221; according to an internal government document seen by Reuters \u200bon Tuesday.<\/div>\n<div>Because the EU budget, called \u200bMultiannual Financial Framework, requires unanimity among all \u206027 member states, Germany&#8217;s sharp opposition \u200bsignals a tough battle ahead, with Berlin warning \u200bin the document that &#8220;as it stands, an agreement is impossible.&#8221;<\/div>\n<div>As the EU&#8217;s largest net contributor, Germany is \u200balarmed by the proposed scale of \u200bthe next seven-year budget, which is a significant increase \u200cfrom \u2060the \u20ac1.3 trillion budget for 2021-2027.<\/div>\n<div>Berlin argues that even with its proposed \u20ac400 billion trim, the budget would still be 27% larger than \u200bthe current one, \u200bpushing \u2060Germany&#8217;s annual contribution to over \u20ac50 billion.<\/div>\n<div>Chancellor Friedrich Merz has urged member \u200bstates to seal a deal this \u200byear \u2060to ensure planning certainty before the budget takes effect in January 2028, especially with \u2060major elections \u200blooming in France, Poland \u200band Italy in 2027.<\/div>\n<div>($1 = 0.8780 euros)<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3357\">Mapping the Market: Magnificent Seven face key test after June slide<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3356\">Tech selloff stirs bubble fears in US stock market<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3354\">AI spending, earnings hopes, Fed outlook set to sway US stocks in second half<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany is demanding a \u20ac400 billion ($456 billion) cut to the European \u200bCommission&#8217;s proposed budget of \u20ac2 trillion for \u200c2028-2034, warning that the current plans are &#8220;unaffordable,&#8221; according to an internal government document seen by Reuters \u200bon Tuesday.<\/p>\n","protected":false},"author":1,"featured_media":3358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Germany demands $450 billion cut to &#039;unaffordable&#039; EU budget, document shows - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=3359\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany demands $450 billion cut to &#039;unaffordable&#039; 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