Home / Business and Economy / Greece Proposes New EU Fund from 6G
Greece Proposes New EU Fund from 6G
23 Sep
Summary
- Greece proposed a European Spectrum Union for 6G spectrum sales.
- Funds could reach €12-15 billion for EU technology investment.
- This aims to ease pressure on the bloc's €2 trillion budget.
Greece has suggested the creation of a European Spectrum Union to bolster the EU's finances. This initiative would allocate a portion of the revenue generated from future national sales of 6G mobile spectrum towards technology investments, thereby easing the strain on the bloc's budget.
The proposed union could potentially raise between €12 billion and €15 billion initially. This financial injection is intended to aid in financing the EU's extensive 2028-2034 budget, which is projected to be around €2 trillion. Negotiations over this budget are proving challenging due to increasing demands for defense spending and efforts to enhance European competitiveness.
This proposal is one of several new financing options being considered by the EU. Other suggestions include using revenue from CO2 emission permits, a tax on imported goods from countries with weaker climate policies, and levies on digital services and wealth. The final decision on which options will gain unanimous support from the 27 member states is anticipated by the next EU summit in October.
