EU leaders head into high-stakes budget battle as elections loom
Summary
EU leaders are meeting to try to agree on the European Union’s budget for 2028-2034, worth nearly €2 trillion. They want to settle the deal before elections, especially in France, where a far-right candidate opposes the budget and could influence future negotiations.Key Facts
- The EU’s next long-term budget covers 2028 to 2034 and is nearly €2 trillion.
- Leaders want to agree on the budget by Christmas 2026 to avoid later delays.
- Upcoming elections in France, Italy, Poland, Greece, and Finland create urgency.
- Marine Le Pen, a far-right French candidate, wants to reduce France’s EU budget contribution.
- The budget will fund areas like farming, defense, competitiveness, and migration policies.
- Germany, the Netherlands, and Sweden want big cuts to the budget.
- France wants to keep or increase spending and suggests new EU taxes on companies and digital services.
- The latest proposal cuts €140 billion but has not satisfied any group of leaders.
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