EU leaders to clash over bloc's next 7-year budget, seek new revenue sources
The 2 trillion euro plan would cut agriculture and regional funding while leaders remain split over new revenue and debt options.
- On Friday, European Union leaders began budget talks in Brussels centered on a revised Cypriot proposal that cuts €32.8 billion from the proposed €2 trillion spending package.
- Deep divisions persist between 'frugal countries' like Germany and the Netherlands, which oppose spending increases, and the 'Friends of Cohesion,' a coalition demanding more agricultural and regional funding.
- The European Parliament rejected the Cypriot plan as insufficient for agriculture and regional funding, while the European Commission proposes reducing such spending from around 60% of the current budget to 44%.
- Member states remain deadlocked over financing, with Italy, France, and Greece proposing 'rolling debt' to repay NextGenerationEU, though Germany and the Netherlands strongly reject this mechanism.
- Leaders aim to conclude the budget package by the end of 2026 to avoid extending negotiations, as any final deal requires unanimous support from all 27 member states.
30 Articles
30 Articles
On Friday, the EU Heads of State and Government continued their summit in Brussels. On the second day of the meeting, the next multi-annual EU budget from 2028 and the situation in the Gulf region will be discussed. Sanctions against Israel's security minister Itamar Ben Gvir are also under discussion. In the budget discussions, the net contributors, who are more concerned about austerity, such as Germany and the so-called "friends of cohesion",…
On the second day of the EU summit, leaders began discussing the EU's long-term budget proposal. The first proposal was criticized by both net contributors and some recipients of budget funds.
In Brussels, Austrian Chancellor Stocker warns: "We are not the Union ATM." Meloni meets the leaders of the other 15 countries that fight not to reduce resources to territories and agriculture.Costa, Von der Leyen's alter ego, has failed to find a compromise between the "frugal" and the others. A split that actually increases mutual distrust.The special contains two articles.Continue reading
The European Union leaders will face Fridays on the issue of the bloc budget, as a first proposal on EU spending for the period 2028-2034 - and their funding sources - has raised harsh criticism from both net contributors to and beneficiaries of the budget. The EU budget is how the Union finances all its policies - from supporting farmers to equalising the standard of living in the 27 Member States, to developing new technologies and student exc…
The EU summit in Brussels will focus, among other things, on the common budget from 2028 to 2034. The budget is expected to rise to up to two trillion euros. World editor Sebastian Vorbach explains why he sees this as a "dangerous development".
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