Six EU countries led by Germany threaten to reject new EU budget unless cuts are made

Six EU countries led by Germany have threatened to reject the proposed new EU budget unless spending is cut by 'hundreds of billions' of euros, according to the FT, citing a letter also signed by the leaders of the Netherlands, Sweden, Denmark, Austria, and Finland. The dispute centers on spending priorities, with these countries calling for more funding for defense and industrial support due to competition with China and the US.