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The Frugal Four is the nickname of an informal cooperation among like-minded fiscally conservative European countries, including Austria, Denmark, the Netherlands and Sweden.
Along with like-minded Germany, the Frugal Four advocate for EU budget rebates and tight fiscal policies in the eurozone governed by the Stability and Growth Pact, and generally advocate against a large distributive European budget and collective EU debt. They are, however, not Eurosceptic.
Germany was widely considered to be as fiscally conservative as the Frugal Four, hence the context in which the coalition of states was also sometimes referred to as the Frugal Five. This changed in May 2020 the latest when Germany joined France ’s call for a €500 billion recovery fund for the EU.
The Frugal Four experienced widespread media coverage throughout the COVID-19 pandemic in Europe .
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