EURO – Bonds (from the Commission) to support European industry under the Clean Industrial Deal, a decrease in German contribution to the European budget (from which the NSRF, etc.) and relaxing its stability pact EU (and in relation to infrastructure) and promotes her new Chancellor GermanyFriedrich Mertz.
A decrease in Germany’s contribution to the EU Community budget would also mean a decrease in Greece’s share, especially if Ukraine is being rebuilt (if peace).
And not only that, but Greece, like any other EU member country, would have to fill with its own resources the gap left by the reduction of the Community budget due to the expected reduction of the German contribution. It is therefore (that is, to cover every country – a member of the EU more part of its infrastructure expenditure) that Merz first is allegedly supporting the relaxation of the stability pact and in the field of infrastructure and not just the defense, as the White Paper of the Commission already provides for the defense.
In addition, he and his party (CDU), along with the SPD and the Greens, voted for a constitutional reform in their country, which provides for unlimited state loan for re -equipment and € 500 billion for national infrastructure investment. It is recalled that the Greek Government, in addition to the new Mammoth Mammoth Equipment program for 2025 – 2037, has also announced an increase of € 500 million of the Public Investment Program (RIP), starting this year.
On the other hand, Relaxation of the Stability Pact and in the field of investment in infrastructure, beyond those for defense (through the activation of the national escape clause) would increase even more the fiscal space that the Greek government could have at its disposal For other relief benefits to businesses and citizens.
Secondly, Mertz is allegedly wanting to want -albeit extraordinary (as in the case of defense spending) -relaxing the stability pact because this would weaken the euro, which would make exports cheaper (which is in the interest of Germany especially in US duties growth conditions), but would accurate imports (which is not in the interest of Greece, which is based on imports)
Finally, a possible Euro -bond issue from the Commission (and not from the European Stability Mechanism – ESM) to support the automotive industry in Europe would basically favor the German automobile industry (and indirectly the war industry as the production of automotives is already being investigated).
Mertz through his words
The last time a German Chancellor, Mertz, opened (partly) the papers in relation to the policy he would do against the EU was at a press conference he gave with Greek Prime Minister Kyriakos Mitsotakis on May 13, 2025, in Berlin and said:
Merts said: “I have made it clear once again that we in Germany have always been careful about the financial instruments of the European Union funded. European conditions allow this only in exceptional cases. One such excellent situation was the coronary pandemic. But we have to accept challenges such as those we now face in defense as the new regularity we should face in the coming years and decades. For this reason, like all the previous governments that have ruled Germany, I am very skeptical about the new financial instruments, especially when they are to be funded by debt. “
Diplomatic sources of newsit.gr in Brussels, interpret Mertz’s above statement as Contrast to a new recovery fund and more debt by borrowing the Commission through Euro -Bonds for Defense (ed for lending through ESM, at least debate …).
In addition, the program announced by the Commission for Europe’s re -equipment (Rearmeurope 2030) now envisages to borrow from the European Investment Bank (EIB), the same sources are reminded.
The German Chancellor also said: “I am open to financial instruments of the European Union as they are on the part of the revenue, for example in the distribution of tax revenue when it comes to some means such as CO2 pricing. We can discuss whether we will not really need European means to finance the European budget at some point. But this is not a solution to the current situation, because it must be discussed extensively and in detail. “
According to the same sources, Germany wishes to reduce its contribution to the EU budget from the NSRF for the period 2027-2034.
More specifically, with regard to Mertz’s statement, according to which the European budget by European media (European budgets of the EU Member States, along with Germany) may not be funded later, the same sources states that It implies that Germany could accept, for example, some new possible industry packages within the Clean Industrial Deal.
So far, however, Brussels has said that the Clean Industrial Deal It will draw resources from the Horizon program, but more packages are pending to boost the industry, where You will probably need a European lending (through the Euro -bonds of the Commission) to provide extra aid, especially to the automotive industry.
Mertz also stressed that “If we get to common funding in the European Union – and we must do it – then my first priority is to drastically reduce the number of systems we have in the European Union. We produce too many weapons systems in parallel. We have to produce simpler. We need simpler systems. In this respect, we can, incidentally, learn a lot from Ukraine, which, in the three and a half years of this terrible war, has managed to make great technological leaps in drones production, for example, and combined them all with high economic efficiency. The third thing in this context is that we simply have to produce much larger quantities in the European Union. – I believe that we can achieve a huge increase in efficiency in supplies in terms of complexity, number of systems and quantities. I will pay much attention to this to the discussions we have at the European Council. “
From the above statement, it becomes clear that Germany will give the Green Light to EU Defense Common Funding (either through the European Investment Bank, which is already provided in the White Paper for Defense, or through the Euro -Bonds of the Commission, which is an extreme scenario). After decisively reduced the number of systems used by each EU member country to build equipment.