European Union leaders appeared no closer to reaching a deal on the bloc's ...
BRUSSELS - European Union leaders appeared no closer to reaching a deal on the bloc’s next joint budget on Friday, with deep divisions between richer and poorer nations over its size - and what to spend it on - unresolved after all-night talks.
As the leaders prepared to reconvene around 1000 GMT, a baseline proposal to cap the budget - which will run from 2021 to 2027 - at 1.074% of EU gross national income, or 1.09 trillion euros , was facing criticism from all quarters. Their less developed peers are the main beneficiaries of EU funds and want to keep generous aid coming regardless.
These went through the night and until 0600 GMT on Friday, with Michel asking that leaders name their top priorities rather than a long list of demands, as well as any sweeteners that could help them sell a deal at home, diplomats said. Beyond the overall size of the budget, the other point of contention is what to spend it on. The poorer eastern and southern nations want to hold on to development aid and are backed by France, Ireland and others in seeking to uphold major farm subsidies.
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