An EU summit called to set the bloc’s next seven-year budget ended in impasse late Friday, riven by competing groups among the 27 member states and pressure to fill a funding gap left by Brexit.
No date had yet been set for another summit to try again, but Merkel added that “we are going to have to return to the subject”. “Unfortunately we have observed it was not possible to reach an agreement, we observed we need more time,” said European Council President Charles Michel, who had called the extraordinary summit and stewarded the talks.
One was the so-called “frugal four” made up of Austria, Denmark, the Netherlands and Sweden, which wanted the budget reined in to reflect the UK’s absence and to avoid them having to shoulder a bigger budgetary burden. “The CAP cannot go to pay for Brexit,” Macron said as the summit broke up. The French president was to visit a national farm show in Paris on Saturday.
Michel’s revised proposal made Friday was for 1.07 percent, which would have resulted in a seven-year budget of 1.09 trillion euros.
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