EU leaders reject budget proposal, casting doubt on 2027 deal
European Union leaders voiced strong opposition on Thursday to a new proposal for the bloc’s long-term budget, raising serious doubt about whether the key spending package will be agreed by the end of the year. Swedish Prime Minister Ulf Kristersson called the plan "far too big, far too expensive," saying it would increase Sweden's net contribution by almost 60%, which he deemed "totally unacceptable." German Chancellor Friedrich Merz echoed the criticism, stating no member state can afford such contribution levels and doubting a conclusion can be reached soon. The 2028-2034 budget, proposed at €1.62 trillion by Ireland, faces criticism from net contributors and the "Friends of Cohesion" group protecting farm subsidies and regional funds. European Council President António Costa stressed the need to deliver by year's end, though upcoming elections in France, Italy, and Poland could complicate final approval.