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.
19 Articles
19 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",…
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".
EU leaders hold talks on common budget in battle for cash
EU governments will hold substantial negotiations on how to allocate €2 trillion of the European common budget over the next seven years, pitting frugals calling for cuts against member states defending money for agriculture to be preserved in tough talks ahead.
EU leaders to clash over bloc's next 7-year budget, seek new revenue sources
European Union leaders will clash over the bloc's budget on Friday as a first proposal on what the EU should pay for in 2028-2034 - and where it should get the money from - drew sharp criticism from both the budget's net contributors and its beneficiaries.
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