The U.K., which has been one of the EU's key contributors, left the bloc on January 31.
There are 15 nations that do not want a smaller budget, including countries such as Portugal, Poland, Spain and Greece. This group has been dubbed the Friends of Cohesion, as it opposes cuts to the so-called Cohesion funds — which support members whose gross national income per inhabitant is less than 90% of the EU average.
Speaking in the Portuguese Parliament Tuesday, Prime Minister Antonio Costa called the later group "stingy." "It's absolutely high time to get the deal. If there is any further significant delay. It will have an impact on the start of the programs," Hahn said in reference to the EU projects that are due to receive funding by the end of the year.Ahead of the leaders' meeting Thursday, a preliminary proposal seen by CNBC, suggested an increase to 7 billion euros from 0.
Norge Siste Nytt, Norge Overskrifter
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