MEDIA ADVISORY | EU Long-Term Budget Crunch: What to Watch for at the EU Leaders’ Summit on 15-16 October
8 Articles
8 Articles
Leaders eye deep EU budget cuts, while long-term joint borrowing becomes the new normal
As leaders gather in Brussels, they must decide whether to keep pretending each new loan for Ukraine, defence, or other shocks is a one‑time exception, or finally admit that long‑term, risk‑managed joint borrowing has become the EU’s new normal.
The new draft cuts by 122 billion euros the previous version presented in June by the Cypriot presidency, in an attempt to meet the austerity demands of the northern countries of the bloc
Defend AgoraEU: Invest in European Citizens’ Future
Ahead of the European Council summit on 15–16 October, the European Federation of Journalists (EFJ) and more than 600 organisations call on EU leaders to defend a strong AgoraEU budget. The Irish Presidency has proposed a 30% cut to AgoraEU, the largest cut in its draft budget. AgoraEU funds journalism, media, culture and civil society. The cut would save just 0.2% of the EU budget, but could do lasting damage to Europe’s democratic resilience. …
Mr President, ladies and gentlemen, there are more and more and more complex choices that Europe is called upon to make in order to defend its ability to remain competitive, secure and protagonist in the world. The war in Ukraine continues, with an increasing involvement of civil objectives. Instability in the Middle East has consequences that go far beyond the borders of the region. Global economic competition is increasingly strong. Geopolitic…
The Greek delegation, led by Prime Minister Kyriakos Mitsotakis, is attending the Brussels Summit with the aim of avoiding cuts to the 2 trillion euros in the budget proposed by the European Commission for the period 2028-2034. The Irish presidency has called for a cut of 159 billion euros, which has met with resistance from all. The Commission and the President of the Council, Antonio Costa, are also calling for a partial agreement on new taxes…
How will the EU finance major initiatives in the coming years? A durable tug-of-war over money is set to take place at the EU summit. The dispute is recognisable: Rich countries want to pay less, poorer EU countries want more. Despite intense negotiations on the EU's next long-term budget, the gap has only widened in recent months. Now the budget tops the agenda when the EU's state and […]
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