Germany and the frugal ones flatly reject the Spanish proposal for the European budget
Merz y el resto de países de ese grupo reclaman recortes de cientos de miles de millones y se niegan a considerar el plan de Cuerpo para reestructurar el pago del fondos de recuperación
Germany, under Chancellor Friedrich Merz, has rejected proposals for a more ambitious European budget for 2028-2034. The Spanish proposal, led by Vice-President Carlos Cuerpo, aimed to re-structure interest payments on Next Generation Funds, potentially freeing up €70 billion for priority areas such as defense and competitiveness.
Germany's response, echoing past austerity measures under Angela Merkel, emphasizes budget cuts in a "more dangerous and uncertain world". This stance reflects Germany's continued focus on fiscal restraint, rooted in its ordoliberal and neo-mercantilist economic approach.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
