Von der Leyen unveils hugely increased €2 trillion EU budget

Breakdown

• Von der Leyen proposes a €2 trillion EU budget for 2028-2034, a significant increase from previous years.
• The budget merges various European programmes into three main pillars: agriculture and social policy, competitiveness, and Europe's global role. 16s
• 48% of the budget is allocated to agriculture, cohesion, fisheries, and social policy, raising concerns among member states and farmers. 34s
• The plan includes increased funding for innovation, industry, defence, and a €100 billion reserve for Ukraine. 51s
• The proposal faces criticism from the European Parliament and member states over its ambition and potential impact on historic programmes. 1m 28s