EU net payers demand several hundred billion euros in cuts
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Event Brief

EU net payers demand several hundred billion euros in cuts

Filed: Sep 29, 2026 at 6:07 AM ET
Summary: EU net payers are insisting on budget cuts totaling several hundred billion euros. They argue against proposals from other member states, including those that would gain most from the funding, that call for higher spending.
WHO: EU net payers
WHAT: Insist on several hundred billion euros in EU budget cuts rather than increased spending.
WHEN: Sep 29, 2026 at 4:58 AM ET
WHERE: European Union
WHY: They are reacting to proposals from other member states to increase spending in the EU budget.

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