Tomorrow, the European Commission will unveil its proposal for the 2028-2034 multiannual financial framework, against a backdrop of budgetary tensions exacerbated by competitiveness and defense issues and the cost of the Next Generation EU plan, prompting calls for new own resources, such as a potential GAFA tax. Tomorrow, the European Commission will present its proposal for the multiannual financial framework for the period 2028-2034. The European budget sequence is always a tense exercise, but the upcoming episode of inter-institutional negotiations looks set to be even more difficult than previous ones. At issue, among other things, are the EU’s loss of competitiveness, increased defense needs as a result of the war in Ukraine, and the need to finance the costly post-Covid plan, dubbed Next Generation EU. As…
