Kelly Calls for Review of EU Budget in Response to New US Administration

Ireland South MEP and Leader of Fine Gael in the European Parliament, Sean Kelly, has called for an immediate review of the EU’s budgetary framework, following the election of Donald Trump to a second term as US President. Speaking at a plenary session in Brussels, Kelly warned of potential challenges to Europe’s security and economic stability that demand a proactive EU response.

“A second Trump presidency changes the global security landscape dramatically,” Kelly stated. “With President Trump’s campaign promises to scale back military aid to Ukraine, we face the very real possibility of a substantial funding gap. This gap could be as large as the budgets of several of our core EU programs—it’s a serious concern.”

Speaking during a European Parliament debate, Kelly emphasized that the EU’s Multiannual Financial Framework (MFF) may no longer align with the demands of this new geopolitical reality. “The question we must ask ourselves is simple: is our current financial framework still fit for purpose?” he said. “We need a thorough review to ensure that Europe is equipped to meet both our security needs and the economic challenges posed by a more isolationist, protectionist United States.”

He highlighted the broader economic impacts of the new administration’s policies, which could disrupt key EU sectors. “Trump’s agenda could severely impact global trade, affecting vital industries like steel, agriculture, and manufacturing across Europe. We must be prepared to shield these sectors from potential shocks,” Kelly noted. “This is not just about defense—it’s about safeguarding our citizens’ livelihoods and Europe’s economic resilience.”

Kelly also addressed the importance of protecting Europe’s critical infrastructure. “With three-quarters of northern subsea cables passing through Irish waters, we in Ireland have a unique responsibility to safeguard these assets. These cables carry 97 percent of global communications and over €10 trillion in financial transactions every day,” he explained. “Collaboration with our EU and NATO partners is essential to ensure the security of this vital infrastructure.”

He concluded with a call for a collective EU response: “In these uncertain times, we must be united and proactive. Additional contributions may be necessary to protect Europe’s security and sustain our economy. This is the investment required to shield our communities from instability and ensure a resilient future for Europe.”