Frankfurt (Germany), July 17 (LaPresse) – "Europe is facing historic challenges that the next financial framework must address. We need to improve our competitiveness and prepare for defense. Europe must be able to act globally. A substantial increase in the EU budget is unacceptable at a time when all Member States are making significant efforts to consolidate their national budgets. Therefore, we cannot accept the Commission’s proposal. We also do not support the additional corporate taxation proposed by the European Commission," the German government stated in a press release. "We must maintain the Commission’s reform-oriented approach and align the budget with the new priorities. This is the right path to make Europe strong for the future," the note adds.