EU budget proposal criticized as insufficient amid energy, China trade, Ukraine aid challenges

The European Union's proposed multiannual budget of €2 trillion is already being reduced, while facing major challenges including high energy prices, a €400 billion trade deficit with China, and insufficient aid to Ukraine (€45 billion loan for 2027 deemed inadequate). The piece criticizes the budget as 'half-baked,' suggesting internal disagreements and fiscal constraints. This matters because the EU's ability to fund strategic priorities—energy transition, trade competitiveness, and Ukraine support—is in question, potentially weakening its geopolitical stance.