Germany Pushes for EU Budget Overhaul to Prioritize Defense Spending
A Shift in Fiscal Priorities German Chancellor Friedrich Merz signaled a major pivot in European fiscal policy on Thursday, calling on the European Union to streamline its multi-trillion-euro budget to prioritize continental defense and economic competitiveness. Addressing the need for structural reform ahead of the 2028–2034 budget cycle, Merz argued that the current spending model…