ReferIndia News Revamping the EU Budget: Merz Pushes for Modernization and Efficiency

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Revamping the EU Budget: Merz Pushes for Modernization and Efficiency

Published on: May 14, 2026, 4:35 p.m. | Source: Devdiscourse

German Chancellor Friedrich Merz advocates for a modernization of the EU's budget system, emphasizing the need for increased investment in defence and competitiveness. The tensions in European Parliament over the 2028-2034 budget highlight the challenges in balancing traditional funding needs with new priorities for a sovereign Europe.

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