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EU Observer (16 October 2026)

Elena SÁNCHEZ NİCOLÁS and Wester VAN GAAL

EU leaders met Thursday (15 October) for their first face-to-face talks on the 2028–2034 budget, killing the latest negotiation proposal put forward by Ireland.

Dublin, which holds the symbolic EU Council presidency, proposed cuts of up to €141bn from the long-term budget,  about eight percent less than the commission proposal. But it failed to make anybody happy, for different reasons. 

And now, EU Council president António Costa has been tasked to deliver a new compromise before EU leaders meet again on 26 November in Brussels, with the goal of striking a deal during the summit in December.

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