NewzThe President of the European Council, António Costa, and the Prime Minister of Estonia, Kristen Michal, met in Riga on Tuesday to discuss the future of the European Union's long-term budget. The leaders reached a consensus that the upcoming Multiannual Financial Framework (MFP), covering the period from 2028 to 2034, must prioritize and facilitate increased expenditure on defense capabilities.
This call for budgetary adjustment reflects a broader strategic shift within the European Union toward bolstering regional security. By focusing on the 2028-2034 financial cycle, the officials are setting the stage for upcoming negotiations regarding how the bloc will allocate resources to meet evolving geopolitical security demands.
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