A high-ranking German official slammed a proposed 2 percent cut to the bloc’s €2 trillion budget as not even “close to a landing zone.”
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A high-ranking German official slammed a proposed 2 percent cut to the bloc’s €2 trillion budget as not even “close to a landing zone.”
German Chancellor Friedrich Merz attends a sitting of the German Bundestag on June 11, 2026. | John MacDougall/AFP via Getty Images
June 12, 2026
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'This shows exactly how not to proceed,' the Dutch minister of finance said
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Friedrich Merz’s government tells voters to brace for potentially painful spending cuts
