Group 1 - The European Commission President Ursula von der Leyen announced that the new EU budget will include a crisis response mechanism amounting to €400 billion [1]

Core Points - The European Commission President Ursula von der Leyen announced that the new EU budget will include a crisis response mechanism amounting to €400 billion [1] Group 1 - The new EU budget aims to enhance the EU's ability to respond to crises effectively [1] - The €400 billion allocated for the crisis response mechanism signifies a substantial financial commitment from the EU [1] - This initiative reflects the EU's strategic approach to managing potential future economic challenges [1]