Six EU Countries Issue Ultimatum on New Budget, Demand 'Hundreds of Billions' in Spending Cuts

Germany and five other European Union member states have issued an ultimatum regarding the bloc's next seven-year budget (2028-2034), threatening to withhold agreement unless 'hundreds of billions' of euros in spending cuts are secured. These countries, including the Netherlands, Sweden, Denmark, Austria, and Finland, seek to redirect funds towards military industry and innovative companies, reducing allocations for agriculture and poorer EU regions, citing new economic and security challenges.