The EU May Cut the Seven-Year Budget by €159 Billion, but at the Same Time It Will Keep Financing Ukraine
7 Articles
7 Articles
Europe, Increasingly Vulnerable to Future Crises: Hundreds of Billions of Euro Cuts in the EU Budget
The European Commission warns that reducing the future budget of the Union by EUR 159 billion would limit the ability of the EU bloc to respond to crises. The proposal of the Irish Presidency of the EU Council includes emergency funds, competitiveness and external aid, while agriculture and regional financing would be protected.
Ireland presented its proposal this Saturday for the next European budgetary framework, which runs until 2034, but critical reactions anticipate a very difficult European summit.
The EU may cut the seven-year budget by €159 billion, but at the same time it will keep financing Ukraine
The EU may cut the seven-year budget by €159 billion, but at the same time it will keep financing Ukraine.As follows from the draft budget for 2028-2034, which was published by the Irish presidency of the Council of the EU, the total expenses of the...
Key takeaways As EU leaders prepare for their upcoming summit in Brussels, they will review a revised financial plan that significantly reduces the original expenditure estimates. Ireland After months of closed-door deliberations, Ireland – which currently holds the rotating presidency – has proposed a compromise for the budget for the next seven years. The updated […]
Germany and its allies rejected Ireland's plan to reduce the future multiannual budget of the European Union, considering that the proposed reductions are not sufficient.
Member States may clash, cutting the next EU budget by around 170 billion euros - Member States also cannot agree on what counts as European.
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