Denmark, Austria, Sweden and the Netherlands dug in their heels over the next Eu...
BRUSSELS - Denmark, Austria, Sweden and the Netherlands dug in their heels over the next European Union budget, insisting it cannot top 1% of economic output, to leave the EU no closer to a deal on Friday after all-night talks.
Expectations for a breakthrough were low as the 27 national leaders reconvened on Friday. They had spent a day and a night in talks that failed to bridge divisions between richer and poorer nations over the size of the next budget and what to spend it on.Her Romanian colleague, Klaus Iohannis, said another summit of EU leaders would be needed to break the deadlock. Czech Prime Minister Andrej Babis channeled frustration, saying the leaders “can go straight home” if the four frugals do not budge.
A baseline proposal to cap the budget - which will run from 2021 to 2027 - at 1.074% of EU gross national income, or 1.09 trillion euros , faced criticism from all quarters.
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