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politics17h ago
Cyprus to rebuff calls from Northern frugals to slash EU budget
- Cyprus, leading the EU Council, will reject demands to slash the next EU budget, according to EU diplomats.
- Nicosia plans to reveal new figures by June 10 and resist deep cuts to farming subsidies and regional payments.
- The debate on the EU budget precedes a June summit on June 18–19 where leaders will weigh proposals.
- The 2028–2034 budget proposal would increase overall spending, with some policies facing real-term reductions.
- Germany and the Netherlands press for cuts, while a bloc including Italy, Spain, and Poland seeks higher subsidies.
- Cyprus signaled possible minor cuts to the European Competitiveness Fund and the Global Europe Fund, totaling over 600 billion.
- The 'friends of cohesion' group supports larger subsidies, complicating budget negotiations.
- The Cypriot deputy minister for European affairs hinted at possible ‘landing zones’ on the most sensitive issues but offered few details.
- The Commission’s proposal would reallocate resources toward defense and competitiveness, affecting traditional policies.
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