Frugal Four
Four European governments with fiscally conservative goals
Frugal Four
The Frugal Four was the nickname of an informal cooperation among like-minded economically liberal (also known as fiscal conservatism) European countries, including Austria, Denmark, the Netherlands and Sweden. It partly evolved as a successor of the New Hanseatic League that was set up to make up for the loss of the like-minded United Kingdom in the European political arena after Brexit. However, it was never founded as a transnational organisation like similar cooperations of countries in the European Union with shared interests. Along with like-minded Germany, the Frugal Four advocated for EU budget rebates and tight fiscal policies in the eurozone governed by the Stability and Growth Pact, and generally advocated against a large distributive European budget and collective EU debt. They were, however, not Eurosceptic. The Frugal Four experienced widespread media coverage throughout the COVID-19 pandemic in Europe. On 3 June 2025, the alliance was disbanded with the departure of Denmark...
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