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On May 18, the EU Parliament plans to formalize a demand for an additional €200 billion for the 2028-2034 budget, threatening to veto the entire financial plan amidst clashes over spending priorities and resistance from member states, particularly as they navigate issues of funding for defense, agriculture, and regional aid amid a strict GNI spending cap set by Ursula von der Leyen's Commission. #EUBudget #FinancialPolicy #EuropeanUnion #FR #DE #NL #CY #IT #ES #BG #RO #PL #SE #AT #EE #LT #LV

On May 18, the EU Parliament will formalize a demand for an additional €200 billion for the 2028-2034 budget, threatening to veto the entire financial plan as it clashes with the European Commission's strict spending cap, with various member states divided over funding priorities including defense, agriculture, and regional aid, potentially delaying the budget adoption process. #EUBudget #FinancialPolicy #EuropeanParliament #EU #FR #DE #NL #IT #ES #PL #CY #BG #RO #SE #AT #RU #US #CN

On May 18, the EU Parliament is expected to formalize a significant ultimatum demanding an additional €200 billion for the 2028-2034 budget, threatening to veto the entire financial plan amid resistance, especially from countries like France and net contributors such as Germany and the Netherlands, which are in favor of stricter budget caps and caution against prioritizing defense and AI funding over traditional agricultural and regional assistance. #EUBudget #EuropeanUnion #FinancialPolicy #EU #FR #DE #NL #PL #IT #ES #BG #RO #CY