Germany and five other countries threaten to block EU budget
The leaders of Germany, the Netherlands, Sweden, Denmark, Austria and Finland have warned the EU leadership about the possible refusal to support the project of the next seven-year budget of the association. In a joint appeal, they demanded to reduce spending by hundreds of billions of euros, otherwise the decision on the budget could be blocked, writes the Financial Times (FT).
The leaders of Germany, the Netherlands, Sweden, Denmark, Austria and Finland have warned the EU leadership about the possible refusal to support the project of the next seven-year budget of the association. In a joint appeal, they demanded to reduce spending by hundreds of billions of euros, otherwise the decision on the budget could be blocked, writes the Financial Times (FT).
The six countries provide about 40% of the EU budget, which allows them to dictate terms and influence the process of its harmonization. Defense and support of innovative enterprises are proposed as priority areas for redistribution of funds. At the same time, it is proposed to reduce the financing of agriculture and assistance programs to less well-off regions.
