The proposal has already been whittled down from the €1.76 trillion initially pitched by the European Commission last July

The 'negotiating box' for post-2027 has landed – including 2% cut to the original proposal – giving the first indication of the terrain for a major political battle in the coming…

Cyprus proposes a 2% cut — worth €32.8bn — to the EU's draft €2 trillion budget for 2028–2034, in a bid to bridge the gap between "frugals" and cohesion-minded member states. The…