Meretz urges EU to cut costs and boost growth
Summary: German Chancellor Friedrich Merz stated that the European Union needs to allocate hundreds of billions of euros and achieve greater ambitions in the field of competitiveness, as negotiations for the 2028-2034 budget period begin. The European Commission proposed a spending plan of one trillion euros, but Germany and conservative countries considered it excessive and called for cuts amounting to hundreds of billions. Merz also rejected the introduction of new taxes on companies and emphasized the need to boost competitiveness and reduce bureaucracy. He underscored the importance of balancing climate protection with economic competitiveness.
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