Six net contributor countries in the EU are threatening to block the next seven-year budget unless it is cut by “hundreds of billions” of euros

Germany, the Netherlands, Sweden, Denmark, Austria, and Finland—which account for about 40% of member states’ contributions—have called the European Commission’s proposed €2 trillion budget for 2028–2034 “simply unrealistic” and are demanding fundamental reform. As part of this, they consider it necessary to increase spending on defense, competitiveness, and migration, and to cut spending on agriculture and cohesion funds.

They are facing opposition from approximately 17 countries (including Spain and Italy), which want to protect or increase spending on agriculture and regional development.

A unanimous decision is required to adopt the Multiannual Financial Framework.

One diplomat warned:

Unless the budget is cut by hundreds of billions, there will be no agreement this year.

Ireland, which holds the presidency of the Council of the European Union, must propose a compromise solution before the European Council meeting on October 15–16, Reuters notes.

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