All articles tagged with #multiannual financial framework
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.
EU leaders at a Cyprus summit pressed to advance an €1.8 trillion 2028-34 budget, but remain far apart on its size, purpose, and funding. Debates center on whether to expand spending or cut it, and how to bankroll it through “own resources” like the Carbon Border Adjustment Mechanism, emissions trading, and other levies, with countries split between ambitious investment and fiscal restraint as they eye next year’s elections. The goal is to seal a deal by year’s end, before Parliament negotiations resume.
EU countries are beginning a political debate over Ursula von der Leyen's proposed €2 trillion budget, facing disagreements over its size, funding sources, and allocation priorities, with some countries opposing new taxes and increased contributions, while others emphasize the need for a more ambitious and cohesive financial plan.