A high-ranking German official slammed a proposed 2 percent cut to the bloc’s €2 trillion budget as not even “close to a landing zone.”

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…