Klingbeil warns: EU budget endangers Germany's economic future!

Klingbeil warns: EU budget endangers Germany's economic future!

Finance Minister Lars Klingbeil made it clear in Durban, South Africa, on the sidelines of a meeting of G20 finance ministers that he does not consider EU Commission President Ursula von der Leyen's proposals for the next long-term EU budget to be acceptable. This represents a clear position from the federal government, which focuses on strengthening Germany's economy, securing jobs and attracting investments into the country. Klingbeil underlines how important it is that the EU's proposals are tailored to Germany's economic needs.

A central point of criticism from Klingbeil is the planned corporate taxation proposed by the European Commission. According to these plans, large companies with an annual turnover of more than 100 million euros will be subject to an additional burden. Klingbeil describes this approach as sending the wrong signal to Germany as it could deter potential investments. The finance minister is also skeptical about the idea of ​​transferring 15 percent of revenue from national tobacco taxes to the EU. He clearly rejects this and emphasizes that Germany is not in a position to agree to these proposals.

Criticism of EU policy

Klingbeil's position highlights the tensions within the EU, particularly with regard to financing and tax structuring. While the EU Commission aims to implement uniform taxation of large companies, the federal government sees this as unsustainable. This could lead to further differences between Member States in the future, particularly when it comes to financial soundness and economic stability.

Another point Klingbeil makes is the need to protect national interests. Germany does not want to burden its economic resources with additional taxes that could have a negative impact on the country's competitiveness. This discussion shows that the federal government aims to find a balance between national needs and the requirements of the EU.

Given the current economic situation in Europe, the issue of the EU budget and taxation will certainly continue to play an important role in the coming months. It remains to be seen how the other member states will respond to Germany's concerns and whether adjustments to the Commission's proposals will be discussed.

Further information on Lars Klingbeil's statements can be found in the reports from star and News.de.