EU capitals brace for €100B cut to bloc's next long-term budget

The Irish presidency is set to propose a €100 billion reduction to the European Commission's near-€2 trillion multi-annual financial framework, reflecting deep divisions among member states over spending priorities. The cut would reshape EU funding for defense, agriculture, and cohesion, signaling a shift toward fiscal restraint amid geopolitical pressures. Uncertainty remains over final allocations and whether the reduction will satisfy net contributors or trigger resistance from cohesion and farm states.