EU leaders clash at a stormy summit to decide the bloc's budget as 'Brexit gap' caused by loss of the UK's contribution is $81 billion over 2021-2027 period
EU leaders clashed on Thursday at the start of a stormy summit to decide the bloc's seven-year budget after Brexit, with bitter divisions between parsimonious rich nations, poorer ones wanting to preserve spending and others wanting to fund grand global ambitions.
"We are not satisfied with the current situation because the balance within the net payers has not yet been properly negotiated," Merkel said as she arrived. Macron, who wants farm payments protected and more money for European defence projects, said he was ready for the long haul. The minimum spending in the multi-annual financial framework , as the long-term budget is called, is just over one trillion euros.The discord is over how much this budget should increase by, how spending might be shifted between priorities and how much each member state should pay as a percentage of its gross domestic product .
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