EU's Long-Term Budget: Parliament Refuses to Lower Its Ambitions
Parliament warned that a 2% cut would weaken the bloc’s ability to fund security, competitiveness and cohesion priorities, officials said.
- On Saturday, October 10, the Irish Presidency will release a new draft negotiating package for the EU's 2028-2034 budget, aiming to help nudge all 27 member states toward a final deal before year-end.
- Germany and other 'frugal' Nordic countries demand substantial cuts, while 17 Southern and Eastern European states signed a joint letter last week defending Common Agricultural Policy subsidies and cohesion spending.
- Parliament's rapporteur Siegfried Muresan warned in April 2026 that a smaller budget would weaken Europe, as Parliament called for approximately 10% increase to fund defense, cohesion, and agricultural priorities.
- Minister of State for European Affairs Thomas Byrne said the Irish Government will propose trimming the budget by between €100 billion and €200 billion, providing a 'realistic basis' for leaders' final negotiations.
- European leaders hope to finalize a deal during crunch summits between next week and year-end, though Chancellor Friedrich Merz claimed last week that having no new framework benefits Germany financially.
77 Articles
77 Articles
France and Germany have entered a bitter dispute over the next seven-year budget of the European Union. The disagreements concern the size of spending and whether Brussels should make deep cuts. The EU is seeking to reach an agreement by Christmas to avoid pushing the talks into a period fraught with elections. Germany leads a group of six countries that are pushing for spending cuts of several hundred billion euros. France takes the opposite po…
Chancellor Stocker: "It is a "wrong sign if we exclude the EU budget from the austerity idea."
The seven-year budget of the EU countries, previously planned at almost €2 trillion, may be reduced by €200 billion
The seven-year budget of the EU countries, previously planned at almost €2 trillion, may be reduced by €200 billion. This is reported by Politico with reference to 12 EU diplomats.The revision of the budget for 2028-2034 is scheduled to take place...
EU member states could cut the nearly 2 trillion euro draft of the 2028-2034 multiannual financial framework by 100-200 billion euros, Politico reports, citing 12 EU diplomats. Ireland, which holds the rotating presidency of the Council, will present its new negotiating proposal on Saturday, which leaders will debate at next week's EU summit.
Guaranteed state income for farmers, debt collection via Eurobonds: some politicians of the otherwise so vehemently on a "sleep EU budget" poking right have remarkable ideas on the next financial framework of the Union for the years 2028 to 2034.
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