Germany balks at Cyprus’ 2% EU budget cut, demands a more affordable reform plan
TL;DR
Germany’s government blasted Cyprus’s proposal to cut the EU’s long-term budget by 2% as unaffordable and unbalanced, insisting on a reform-focused deal that prioritizes defense and competitiveness; Berlin aims to wrap up negotiations this year, warns that without an agreement funds for 2028 could be at risk, and signals openness to new revenue sources while rejecting a corporate levy.
- Berlin attacks Cypriot EU budget proposal as ‘unaffordable’ politico.eu
- We want bigger cuts to EU budget than planned, richer countries say politico.eu
- Cyprus proposes €32.8bn cut to next EU budget as compromise between rival camps Euronews.com
- Brussels begins decisive phase of negotiating shared budget Financial Times
- Heated debate over MFF + Vote in Switzerland + Tougher stance towards China Table.Briefings
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