Frugal Four

The Frugal Four was the nickname of an informal cooperation among like-minded fiscally conservative 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 from the group to focus the nation's priorities on European defence..