EU Budget Negotiations for 2028-2034 Face Cuts; Greece Braces for Reduced Funds

Initial talks on the EU's next Multiannual Financial Framework (2028-2034) ended without consensus, with Germany, Council President Costa, and France pushing for an agreement by year-end that would involve spending cuts. Greece, which seeks €50 billion in development and agricultural funds, is expected to face reduced allocations, though the final outcome remains uncertain pending November discussions.