Inconclusive Sparring at EU Summit Puts Budget Timeline Into Question
12 Articles
12 Articles
Inconclusive sparring at EU summit puts budget timeline into question
EU leaders stuck to their red lines on the next long-term budget at Thursday's summit, with several now rejecting the presumed December deadline. Council President António Costa is now expected to take over the negotiations, with a new compromise due in a few weeks.
EADaily, 15 October 2026. The EU summit failed to agree on a budget for 2028 - 2034 for 1.76 trillion with increased military expenditure, and informed journalists on the margins of the summit of a European source.
EU President António Costa will present a new draft EU budget after deep disagreement among EU countries.
EU President António Costa will present a new negotiating proposal for the EU multiannual budget 2028-2034 within a few weeks, it was decided on Thursday during the EU summit. A high-ranking EU source stated this.
A new long-term budget proposal is to be drawn up within a few weeks, ahead of an extraordinary EU summit in November, EU sources say. This after there was significant disagreement about an Irish proposal among EU leaders gathered for a summit in Brussels.
The president of the European Council Antonio Costa will present a new negotiating document on the EU budget for 2028-2034 in the coming weeks. The objective of reaching agreement on the future budget by the end of the year remains confirmed. (ANSA)
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