Merz urges deep EU budget cuts at summit as Croatia's Plenković sees leaders far from deal
German Chancellor Friedrich Merz said the EU's next long-term budget must be cut sharply as leaders met in Brussels. Croatian Prime Minister Andrej Plenković said the 27 remain very far from an agreement.
- 01Chancellor Friedrich Merz said the size of the Irish presidency's proposal is not a basis for agreement and that the EU budget must be affordable for those who bear the brunt of financing it.
- 02The Irish presidency proposed cutting €141 billion, bringing the 2028-2034 budget to €1.622 trillion in 2025 prices, about 8% below the Commission's proposal.
- 03Croatian Prime Minister Andrej Plenković said leaders are very far from a deal on the next long-term budget.
- 04The 27 member states want an agreement by Christmas, ahead of next year's French presidential election.
Sources:euronews.comen.ilsole24ore.comfrance24.com
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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