EU summit fails to break budget deadlock as Germany pushes austerity

dw.com (Russian) —

The first day of the EU summit failed to produce a breakthrough on the bloc's seven-year budget, with negotiations set to continue in December. Germany and several other states are pushing for austerity, while France, Spain, and Poland advocate for a larger budget. Ireland's presidency proposed cutting the European Commission's nearly €2 trillion plan by €140 billion. The next summit is scheduled for December, as many members want a deal before 2027 elections that could empower eurosceptics. France proposed new EU-wide levies on digital services and cryptoassets to fund the budget.


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