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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The European Commission has unveiled a proposed budget of nearly €2 trillion for the 2028-2034 cycle, marking a significant increase from the previous allocation. Roxana Minzatu, the EU’s executive vice president, highlights the budget’s focus on tackling global economic and defense challenges.
- The EU's proposed budget for 2028-2034 is €2 trillion, up from €1.2 trillion in the previous cycle.
- Key priorities include countering global economic competition and boosting defense capabilities.
- Roxana Minzatu outlined the budget's goals in a Bloomberg Television interview from Brussels.
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