Angela Merkel and Francois Hollande sealed a breakthrough deal on the European U...
BRUSSELS - Angela Merkel and Francois Hollande sealed a breakthrough deal on the European Union’s last joint budget in 2013, negotiating in a backroom of a Paris stadium where Germany and France were facing off in a friendly soccer game.
Fast forward to 2020 and the EU is again squabbling over its budget. This time around, Merkel has Emmanuel Macron across the table. “The overall feeling is that the proposal is very preferential for France. It gains a lot, while Germany loses a lot,” a senior diplomat from a smaller member state said of the budget blueprint leaders will discuss in Brussels on Thursday.
Despite a gaping hole caused by Brexit and the loss of British contributions, France - the second-largest EU economy - would retain generous support for its crucial agricultural sector and farmers.
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