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Eu Budget

All articles tagged with #eu budget

Six EU Capitals Demand €2tn Budget Slash to Fund Defense
politics10 days ago

Six EU Capitals Demand €2tn Budget Slash to Fund Defense

German Chancellor Friedrich Merz and five allied leaders have issued an ultimatum to the EU, demanding that the proposed €2 trillion budget for 2028-2034 be cut by hundreds of billions of euros. The signatories, who account for 40% of EU revenue, argue the current proposal is unrealistic given domestic fiscal pressures and insist that spending must shift from agriculture and regional aid toward defense and innovation. While the European Council aims for a deal by year-end, a bloc of 17 countries opposes the cuts, and Ireland, currently holding the rotating presidency, is tasked with producing a compromise proposal by mid-October.

via Financial Times|
#defense-spending#eu-budget#european-commission
EU budget to fund strategic autonomy collides with bloc-wide cut push
world1 month ago

EU budget to fund strategic autonomy collides with bloc-wide cut push

Ursula von der Leyen argues the next seven-year EU budget (about €2 trillion) should finance Europe’s independence from foreign powers, backing investments in strategic sectors from research to defense; however Germany and five allies are pushing for hundreds of billions in cuts, complicating a compromise as leaders balance cohesion and farming policy with new priorities.

via politico.eu|
#cohesion-policy#defense-spending#eu-budget
Merz leads a bloc pressing deep EU budget cuts as Costa seeks a deal
europe1 month ago

Merz leads a bloc pressing deep EU budget cuts as Costa seeks a deal

German Chancellor Friedrich Merz gathers leaders from the Netherlands, Finland, Austria, Denmark and Sweden to push for hundreds of billions in cuts to the next seven-year EU budget, while António Costa tours the bloc courting compromises; the debate centers on shrinking the budget, reorienting spending from agriculture toward defense and security, and possibly funding reforms through new EU taxes or “own resources.” With no precise numbers yet, unanimity is required for any deal, and upcoming elections in Saxony-Anhalt and Sweden could influence leverage, as October compromise figures loom ahead of a year-end agreement.

via politico.eu|
#budget-cuts#costa#eu-budget
EU leaders weigh China threats against a tight, retooled budget
politics-europe3 months ago

EU leaders weigh China threats against a tight, retooled budget

EU leaders meet for a two-track summit focusing on how to counter China’s impact on Europe’s economy and how to resolve a stubborn seven-year budget. Northern/frugal capitals want a smaller, modernized budget with more own resources, while southern/eastern members seek to protect cohesion spending. The debate centers on redirecting funds from traditional areas like agriculture to defense, R&D, and energy resilience, with a year-end goal to reach a 2028 budget deal despite domestic populist pressures.

via politico.eu|
#china#cohesion#competitiveness
EU budget talks accelerate as Bardella threatens France’s EU contribution
politics3 months ago

EU budget talks accelerate as Bardella threatens France’s EU contribution

Germany urged EU partners to clinch a long-term budget deal for 2028-2034 by year-end after French far-right leader Jordan Bardella vowed to halve France’s EU contribution, reviving Frexit concerns; ECB President Christine Lagarde warned against separatist ambitions in a separate interview, as EU ministers in Luxembourg push for urgency while negotiating the MFF amid political tensions.

via politico.eu|
#christine-lagarde#eu-budget#frexit
Germany balks at Cyprus’ 2% EU budget cut, demands a more affordable reform plan
politics3 months ago

Germany balks at Cyprus’ 2% EU budget cut, demands a more affordable reform plan

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.

via politico.eu|
#budget-negotiations#cyprus#defense-spending
Northern EU states push for bigger cuts to EU budget than Cyprus plan
politics4 months ago

Northern EU states push for bigger cuts to EU budget than Cyprus plan

Wealthier northern EU countries are demanding much larger cuts to the €2 trillion multiannual EU budget for 2028–2034 than Cyprus's 2% proposal, sparking a split with southern/eastern members who back maintaining or increasing spending on agriculture and regional subsidies. With a December budget deal and Ireland taking the presidency, negotiators are racing to find a landing zone ahead of a summit while Cyprus shields farmers’ subsidies and shields funds for competitiveness and regional programs.

via politico.eu|
#agriculture-subsidies#budget-negotiations#eu-budget
Trump's Shadow Overshadows Cyprus EU Summit as Leaders Push Defense Autonomy and Budget
world5 months ago

Trump's Shadow Overshadows Cyprus EU Summit as Leaders Push Defense Autonomy and Budget

At the Cyprus summit, 29 leaders wrestled with boosting Europe’s strategic autonomy amid U.S. policy uncertainty, discussing how to operationalize Article 42.7 without undermining NATO, while pushing for a more ambitious seven-year budget and a stronger EU role in the Middle East amid energy and inflation pressures, all under the palpable influence of Donald Trump and the ongoing Iran/Middle East conflict.

via politico.eu|
#article-42-7#cyprus#eu-budget
European Countries Plan to Borrow EU Funds for Ukraine and Defense
world1 year ago

European Countries Plan to Borrow EU Funds for Ukraine and Defense

European countries plan to borrow billions from the EU to support Ukraine's rearmament, amid internal disagreements over the EU's €1.8 trillion budget and financial commitments, with Poland receiving the largest share of regional funds. The EU admits it cannot guarantee the $600 billion promised to Trump, and internal divisions are evident over budget allocations and spending plans.

via politico.eu|
#eu-budget#european-union#financial-commitments