Germany wants to cap the EU’s next seven-year budget (2021-27) at 1% of GDP.
In 2018, the Commission proposed a seven-year budget of roughly €1.1 trillion or 1.11% of the bloc’s Gross National Income (GNI).
Given that the UK was the EU second-biggest economy means that Germany needs to contribute an additional €10 billion a year. The Netherlands, Sweden, and other net contributors have echoed Germany’s cautious approach to the EU budget.
Berlin views increased contributions as going han...
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