Wrestling for a trillion-dollar budget: New proposal aims to bring movement to the EU budget dispute
The dispute over the next EU budget came to a head when Friedrich Merz rejected an Irish proposal. Now António Costa wants to bring new momentum to the negotiations.
EU Council President António Costa will present a new proposal for the next long-term EU budget in the coming weeks. A special meeting of EU leaders will take place on 26 November, aiming to reach an agreement at the regular summit three weeks later. The leaders have called on Costa to advance negotiations on the 2028-2034 budget to allow for a timely agreement, enabling the necessary legal acts to be adopted by the end of 2026 and EU funds to flow uninterrupted from the start of 2028.
Costa will focus on three areas: preventing excessive national contributions, developing new EU own resources, and maintaining budget flexibility to respond to crises.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
