German Finance Minister Friedrich Merz calls EU 1.6‑trillion‑euro budget plan unaffordable

German Finance Minister Friedrich Merz criticised the European Commission’s long‑term budget proposal for 2028‑2034, which totals more than €1.6 trillion for a seven‑year period. He described the plan as “unrealistic” and unaffordable, saying, “What has been proposed so far is not feasible. It cannot be met.” Merz’s view is backed by the Netherlands, another major net contributor to the EU budget.

The Commission’s draft focuses on three pillars: agriculture and regional development, enhancing economic competitiveness, and foreign and security policy. Merz urged that budget negotiations be accelerated, aiming for a decision within the current year. Ireland, holding the EU Council presidency, is expected to present a revised compromise as other member states push for an end‑of‑year settlement.

Germany remains the EU’s largest net contributor, underscoring the stakes of the dispute among the 27 member states.