Summit standoff as EU leaders grapple with Brexit-sized hole in budget

Singapore News News

Summit standoff as EU leaders grapple with Brexit-sized hole in budget
Singapore Latest News,Singapore Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

EU leaders made no headway on Thursday in fractious talks on a joint 2021-27 bud...

Dutch Prime Minister Mark Rutte, whose country is one of four net contributors that want to limit the overall size of the budget to 1.0% of GNI, said he could not sign up to a budget that allocates one-third for “cohesion funds” to develop poorer regions and another third on support for farmers.“I cannot sign up to this proposal. The proposal is simply not good,” Rutte told reporters ahead of the talks.

Diplomats said Berlin is irked that under Michel’s first budget proposal it would end up being considerably worse-off compared with 2014-20, while Paris could see some gains. The Netherlands, Austria, Sweden and Denmark want to limit the budget to 1.00% of GNI. Germany, the biggest contributor, is prepared to accept a bit more, but 1.07% is too high for Berlin.

To help fill the Brexit gap, the Commission has also proposed scrapping rebates on budget contributions that many of the net payers now enjoy. But the net payers refuse to accept an end to the rebates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU leaders clash at 'very tough' budget summitEU leaders clash at 'very tough' budget summitEuropean Union leaders began talks on a joint 2021-27 budget that will need to fill $81 billion hole left by Britain's departure just as they face costly climate and other challenges.
Read more »

No EU trade deal without fair competition guarantees: EU adviserNo EU trade deal without fair competition guarantees: EU adviserThe European Union had flagged to Britain well in advance that any free trade de...
Read more »

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns - EU paperExclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns - EU paperVodafone and Telekom Italia have offered to allow rivals access to sites in some...
Read more »

Brexit: EU to ask UK to return Elgin marbles to Greece in trade talks - Business InsiderBrexit: EU to ask UK to return Elgin marbles to Greece in trade talks - Business InsiderThe EU will tell Britain to give back ancient marbles taken from Greece over 200 years ago as part of a post-Brexit trade deal
Read more »

EU leaders to clash over money as Brexit blows hole in budgetEU leaders to clash over money as Brexit blows hole in budgetEuropean Union leaders will clash this week over the EU's 2021-2027 budget ...
Read more »

EU leaders to clash over money as Brexit blows hole in budgetEU leaders to clash over money as Brexit blows hole in budgetThe budget is the most tangible expression of key areas on which the EU members must focus over the next seven years and their willingness to stump up.
Read more »



Render Time: 2025-03-23 02:19:52