Irish EU presidency proposes €141B budget cut, net payers may resist

The Irish presidency of the EU has proposed a budget €141 billion smaller than the European Commission's original proposal, despite opposition from cohesion-fund beneficiaries like Poland, Italy, Spain, and Romania. The compromise may face resistance from net payer states, who could demand further cuts. This signals a shift in EU budget negotiations, with potential implications for regional funding and political cohesion.