The EU is about to decide how it spends €200 billion on the rest of the world over 2028–2034, and how it spends risks quietly hollowing out its support for democracy, civic space and conflict prevention.

A new Crisis Group Q&A by Lisa Musiol and Dylan Macchiarini CROSSON sets out the danger with precision. Fondemos shares this analysis.

The Commission’s proposal would merge nearly all external financing, development, humanitarian, macro-financial, investment, and support for peace and conflict prevention, into a single Global Europe Instrument, while removing many of the binding spending targets that previously protected strategic priorities.

The intent (more flexibility in a volatile world) is legitimate. But flexibility without safeguards has a predictable effect: the long-term, specialised work of preventing conflict, protecting defenders and sustaining independent civil society and media gets crowded out by higher-visibility, interest-driven spending.

Our position is simple and concrete: keep these funding streams predictable and ring-fence them. Protecting civic space and democratic actors in fragile contexts, from Cameroon to Myanmar, is where the EU’s credibility as a values-driven global actor is won or lost.