European Commission President Ursula von der Leyen has unveiled a bold €2 trillion (about $2.3 trillion) EU budget proposal that includes new taxes on large corporations, tobacco, and electronic waste—setting the stage for intense political battles over the bloc’s financial and strategic priorities.
The plan aims to reshape Europe’s financial future, increasing defence spending fivefold, tripling border and migration funding, and doubling research investments—35% of which would go to climate and biodiversity efforts.
“It is a €2 trillion budget for a new era ... that confronts Europe’s challenges, that strengthens our independence,” she told reporters at a news conference.
A €100 billion (around $116 billion) fund is also earmarked for Ukraine, labelled by the EU's Budget Commissioner Piotr Serafin, as the EU's “most strategic partner.” But backlash followed swiftly.
Environmental groups and Green MEPs criticized the elimination of the only dedicated nature protection fund, calling it a dangerous move amid the biodiversity crisis.
Farmers and members of the European Parliament were similarly alarmed by a proposed merger of flagship policies such as agricultural and regional funds, warning of severe risks to farming stability.
However, EU officials argued that €300 billion (around $349 billion) in direct payments to farmers remain untouched.
Von der Leyen said the new taxes would ease pressure on national budgets, but countries such as Germany, the Netherlands, and Sweden criticized the plan as too costly.
Adding further tension, Hungary’s Prime Minister Viktor Orbán condemned the proposed Ukraine funding, insisting EU support should focus on farmers.
From 2028, the EU must start repaying its €750 billion ($872 billion) pandemic recovery loans, costing up to €30 billion ($35 billion) annually—double the current research budget.
The proposal requires unanimous approval from all 27 member states and the European Parliament.
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Iran will treat the armies of European Union member states as “terrorist groups” in retaliation for the EU’s decision to list Iran’s Islamic R...
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement ...
Russian Security Council Secretary Sergei Shoigu has arrived in China for an official visit, where he is due to meet Chinese Foreign Minister Wang Yi ...
Iran will treat the armies of European Union member states as “terrorist groups” in retaliation for the EU’s decision to list Iran’s Islamic Revolutionary Guard Corps as a terrorist organisation, parliament speaker Mohammad Baqer Qalibaf said on Sunday.
Europe is increasingly viewing the South Caucasus not as a region of frozen conflicts, but as a space of opportunity, stability and strategic connectivity, international relations expert Nargiz Mammadova said.
The European Commission has announced €153 million ($183 million) in emergency aid for Ukraine, alongside €8 million ($9.5 million) to support Moldova, which hosts large numbers of Ukrainian refugees.
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure on major cargo routes, while colleagues in Bosnia and Serbia kept their lines of trucks in place.
Catherine O’Hara, the celebrated Canadian actress and comedy legend, has died at the age of 71, her publicist confirmed on Friday. She passed away at her home in Los Angeles following a brief illness.
Newly released Epstein files name French President Emmanuel Macron among figures referenced in millions of disclosed documents.
The United Nations faces the risk of “imminent financial collapse” because of unpaid contributions, including substantial arrears from the United States, Secretary-General Antonio Guterres has warned.
Vladimir Putin said Russia earned more than $15 billion from defence exports in 2025 and fulfilled all military-technical contracts despite what he described as growing pressure from Western countries.
Explosions shook parts of southern Lebanon on Friday night as Israeli strikes rippled across the Zahrani district, with the blasts travelling toward the coastal city of Sidon.
Israel has reopened Gaza’s Rafah border crossing with Egypt in what Israeli media described as a “pilot operation,” marking the first opening of the crossing in two years.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
Russian Security Council Secretary Sergei Shoigu has arrived in China for an official visit, where he is due to meet Chinese Foreign Minister Wang Yi to discuss international and regional security issues, Russian state media reported on Sunday.
U.S. President Donald Trump said Washington may be able to reach a deal with Cuba, days after he threatened tariffs on any country supplying the island with oil.
Xi Jinping praised China–Algeria co-operation on Saturday following the successful launch of an Algerian remote sensing satellite from northwest China, calling it another milestone in bilateral space ties.
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