A reduction of €159 billion, or 8%. That is the full scale of the cuts proposed by the Irish Presidency of the Council of the EU to the next long-term EU budget, compared with the European Commission’s proposal of July 2025.
The EU’s Multiannual Financial Framework (MFF) would thus amount to €1,825 billion (at 2025 prices) for 2028-2034, according to the new figures in the negotiating box unveiled by Dublin on Saturday 10 October. The Commission had initially proposed a 7-year...