European Union leaders will discuss a new budget plan on Friday that could allow...
BRUSSELS - European Union leaders will discuss a new budget plan on Friday that could allow the bloc to spend up to 1.1 trillion euros in the 2021-2027 period, but deep divisions among governments could block a deal for months.
That would allow the EU to spend between 1 and 1.1 trillion euros for seven years with its first budget after the exit from the club of Britain, one of the top contributors to EU coffers. Germany and other Nordic supporters of a smaller budget argue that because of Brexit, they would pay more into EU coffers even with a 1% cap because they would need to compensate for the loss of Britain’s transfers.
To complicate matters, the new budget should also include rules that would suspend funding to member states with rule-of-law shortcomings, such as limits to media freedom or the independence of judges.
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