Commission warns frugals: Slash the EU budget at your peril

EU budget commissioner Piotr Serafin warned frugal countries that drastic cuts to the proposed €2 trillion EU budget could harm their priorities, such as defense and competitiveness. Germany and allies pushed for a €400 billion reduction, arguing Cyprus’ proposed 2% cut was insufficient, while Serafin highlighted risks of undermining modern policy goals and increasing national spending burdens.