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EU Observer (19 October 2026)

Fred BYRNE

European Council president António Costa gets to work this week rewriting the EU’s seven-year budget, after the bloc’s leaders binned the long-term plan proposed by the Irish council presidency last week. 

The budget will be debated by MEPs at the plenary in Strasbourg on Wednesday (21 October), when European Parliament will also vote to allocate €47bn for Erasmus+ instead of the €40bn planned on Thursday (22 October).

A separate vote on Wednesday (21 October) will decide parliament’s position on the EU’s short-term 2027 budget, when MEPs will decide whether or not to ask for €2.7bn more than what council proposed in summer, with extra monies proposed for expanding Erasmus+, agriculture and responding to climate disaster.

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