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What’s at Stake in the New EU Long-Term Budget?
EUROPEAN UNION, JUL 13 – The European Commission postponed major anti-fraud reforms to 2026 amid disputes between EU watchdogs and ongoing budget challenges, with fraud losses exceeding €1 billion annually.
- In 2024, Ursula Von Der Leyen pledged to address budget fraud costing the EU hundreds of millions in losses each year, but discussions have stalled until 2026, according to five officials involved in the talks.
- Annual losses from fraud exceed €1 billion, as reported by the European Court of Auditors and the European Anti-Fraud Office .
- Debate centers on whether the EU's fraud strategy focuses on recovering funds or securing convictions, leading to concerns about public trust.
- Chloé Ridel, a socialist MEP, stated that corruption costs Europe hundreds of billions of euros annually, highlighting the need for stronger measures against fraud.
15 Articles
15 Articles
Brace yourselves: the big battle over the European budget begins on Wednesday. Expect abbreviations and details, but the real question is: is there enough money in Brussels to protect us from Putin, Trump, and Xi Xi? A guide in five questions.
On Wednesday, the EU Commission will present its plans for the budget for the next seven years. What exactly is the multiannual financial framework – and why is it even important? The most important questions and answers.
EU backs off fight against fraud ahead of trillion-euro budget proposal
Brussels is dodging simple solutions to stop funds being wasted. “If we’re going to ask citizens to accept budget discipline, we should start by showing that the money isn’t being stolen,” said an EU official.
2028-2034 EU budget, Israel talks, Russian sanctions in focus This WEEK
The European Commission is expected to unveil its proposal for the EU’s next long-term budget on Wednesday, covering 2028–2034, while EU foreign ministers will discuss ways to pressure Israel to comply with international law — and aim to adopt a new package of sanctions against Russia on Tuesday.
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