Greece’s deputy foreign minister, Tasos Chatzivasileiou, has called for an increased EU budget to support member states during a period of significant technological and industrial change. Speaking ahead of upcoming ministerial talks on the bloc’s long-term financial framework, Chatzivasileiou emphasized the need for joint debt financing in targeted sectors. He described the current moment as one of the most “turbulent” for Europe, highlighting the challenges posed by rapid technological advancements and industrial shifts.
The proposal comes as the EU seeks to balance economic stability with innovation. Chatzivasileiou argued that a larger budget would enable member states to invest in critical areas such as digital infrastructure and green energy. This aligns with broader European goals to strengthen competitiveness and resilience in the face of global economic pressures.
The debate over EU funding reflects deeper tensions within the bloc, as some member states prioritize national interests over collective investment. Chatzivasileiou’s call for a more unified approach underscores the growing recognition of the need for coordinated action in an increasingly interconnected world.
