European Union leaders headed for a clash over the bloc’s budget on Friday after both net contributors and beneficiaries criticized an initial proposal on what the EU should pay for from 2028 to 2034 – and where the money should come from.

EU leaders will hold their first formal discussion on Friday, after the Cypriot presidency tabled the first so-called “negobox”, a draft document setting out possible spending…

The fight for the next EU budget is entering a new phase now that some numbers are finally on the table. The spending figures, put forward by the Cyprus presidency in a “nego…

EU governments will hold substantial negotiations on how to allocate €2 trillion of the European common budget over the next seven years, pitting frugals calling for cuts against…

The second day of the EU summit is underway. The debate will focus on the next long-term budget, with rival camps still miles apart. #EuropeNews

The second day of the EU summit is underway. The debate will focus on the next long-term budget, with rival camps still miles apart. #EuropeNews

EU leaders debate a nearly €2 trillion budget for 2028-2034, with crypto transaction levies and capital gains taxes among proposed new revenue sources.

European Union leaders headed for a clash over the bloc’s budget on Friday after both net contributors and beneficiaries criticized an initial proposal on what the EU should pay…

Clashing demands over farm subsidies, defence and debt set the stage for a challenging Irish presidency

EU Council president António Costa has set an end-of-year deadline for the next budget - but negotiators say there is only a "50-50 chance" of success.

Battle lines are being drawn between member states on EU spending, with southern and eastern states seeking more for agriculture and regional funding while hawkish governments…