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EU Stirs Over Proposed €141B Cut to Seven-Year Budget

The Irish EU presidency has unveiled a proposal cutting 141 billion euros from the bloc's long-term budget, sparking fierce debate among member states.

The Berlaymont building, headquarters of the European Commission in Brussels, 2015
The Berlaymont building, headquarters of the European Commission in Brussels, 2015 · Photo: Ank Kumar · CC BY-SA 4.0 · Wikimedia Commons

The Irish presidency of the Council of the European Union has presented a new compromise proposal for the bloc's seven-year budget featuring cuts of approximately 141 billion euros, CNN.gr and German newspaper Handelsblatt reported.

The proposal has triggered strong backlash and intensified an ongoing dispute among member states over the size and financing of the EU's next long-term budget. According to Handelsblatt, the plan is unlikely to find favor with German Chancellor Friedrich Merz.

Further details regarding the voting timeline and the specific distribution of the spending cuts have not yet been released.

Sources: CNN.gr, Handelsblatt

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