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Meretz urges EU to reduce spending and enhance competitiveness
German Chancellor Friedrich Merz emphasized the need for the European Union to cut its spending by hundreds of billions and to strengthen its competitiveness ambitions as negotiations begin over the bloc's budget for 2028-2034. The European Commission proposed a spending plan of two trillion euros, but Germany and other member states considered the figure too high, calling for a substantial reduction in overall expenditures. Merz also pointed out that funding should come from sources such as taxing major corporations, rejecting the idea of introducing additional taxes on businesses at the European level, and urged for reducing bureaucratic obstacles, boosting competitiveness, and streamlining licensing procedures for investments.
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