Greece has proposed a European Spectrum Union that would use part of the proceeds from future national 6G spectrum sales to fund technology investment and reduce pressure on the European Union’s budget. The proposal, developed by Kyriakos Pierrakakis, the chairman of euro zone finance ministers, was presented to EU ministers on Tuesday. It estimates an initial financial scale of around €12–15 billion, while stressing that this is a planning assumption rather than an official valuation or forecast and excludes any potential future contribution from selected 5G rights. If approved unanimously by the EU’s 27 countries, the funds could support negotiations over the bloc’s proposed €2 trillion budget for 2028-2034. That budget must accommodate higher spending on defence and European competitiveness while continuing support for farming and cohesion. Other financing proposals include allocating part of national proceeds from CO2 emissions permits and from a tax on goods imported from countries with weaker climate policies. Additional options include a levy on non-collected e-waste, a share of tobacco excise duty, annual lump-sum payments from large companies operating and selling in the EU, and levies on extreme wealth, digital services, online gambling and crypto asset capital gains. Ireland will assess which option, or combination of options, could secure unanimous backing at the next EU summit scheduled for October.