European Union leaders on Friday asked Ireland, which takes over the rotating EU presidency in July, to propose by October new sources of money for the EU budget for 2028 to 2034 to defuse tensions between its net contributors and beneficiaries.

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