Germany news: Merz courts 'frugals' to trim EU budget

German Chancellor Friedrich Merz is meeting with leaders from European Union countries that contribute more to the bloc's budget than they receive in funding. These countries, often referred to as the "frugals," are being courted by Merz to support his efforts to reduce the EU's budget. The goal is to trim the budget, which is a significant expense for many member states. This push for a smaller budget could have implications for the EU's overall spending and potentially affect the economic policies of its member countries.

Why it matters

Germany is pushing for a smaller EU budget, which could lead to reduced spending and a more fiscally conservative approach. This could have implications for EU member states that rely heavily on EU funding.

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