Germany rejects EU proposal for €2 trillion budget

Germany rejects EU proposal for €2 trillion budget
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Germany has rejected the European Commission’s €2 trillion ($2.3 trillion) budget proposal, hours after it was announced by European Commission President Ursula von der Leyen in Brussels.  
“A comprehensive increase in the EU budget is unacceptable at a time when all member states are making considerable efforts to consolidate their national budgets,” the German government chief spokesman said in a statement. “We will therefore not be able to accept the commission’s proposal.”
The statement by the EU’s largest member state points to the battle ahead for the bloc’s executive arm as it tries to get buy-in for the next seven-year budget which begins in 2028.
Earlier on Wednesday, the commission unveiled the draft proposal after intense negotiations that stretched late into Tuesday night and resumed on Wednesday morning.
The figure of €1.98 trillion represents a substantial jump from the €1.2 trillion — equivalent to 1% of EU’s output — that was al

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