EP President wants to double EU budget

berlin - The President of the European Parliament (EP), Antonio Tajani, wants to double the budget for the European Union (EU). 'We need 280 billion euros instead of the 140 billion we are getting annually,' said Italian Tajani in an interview in German media.

In order to expand the budget, Tajani does not want EU Member States to pay more money, but he thinks about European taxes. 'We need more revenue, so you could levy taxes on financial transactions on the stock market. '

The much larger budget, according to the EP President, is urgently needed to address the refugee crisis and the fight against terrorism.