Summit concludes with no progress on EU’s long-term budget

Euractiv | Oct 18, 2019 at 5:12 PM
  • EU leaders failed to narrow their differences over the EU’s seven-year budget for 2021-27,  the Multiannual Financial Framework, as member states maintained their entrenched positions on the EU’s spending volume and priorities.
  • The figure is below the 1.15% figure recommended by the Commission, and far from the 1.30% put forward by the European Parliament.
  • The document also reduced the size of the Common Agricultural Policy (CAP) and cohesion envelopes.