Brussels, Belgium, June 19, 2026 (AFP) - Germany's Merz says EU 'must not' take on new debt as budget fight kicks off

NAMPA / AFP

2026-06-19

German Chancellor Friedrich Merz on Friday hammered home his opposition to further joint borrowing by EU nations, as leaders kicked off a six-month fight to agree on the bloc's 2028-2034 budget. The leader of the biggest so-called frugal nations opposing a big increase in proposed spending warned on his arrival at summit talks in Brussels that the EU should "not move into further indebtedness," saying "We must not do that." The European Commissio......

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Law & Politics

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