EU Leaders Open First-Ever Summit-Level Budget Talks for 2028-2034

EU heads of state convene for the first time at summit level to negotiate the 2028-2034 multiannual financial framework, pitting the 'frugal six' against 'friends of cohesion' led by Merz and Meloni. The outcome will set the bloc's spending and revenue priorities for seven years, with divisions over net contributions and cohesion funds unresolved. This marks a shift from routine ministerial bargaining to top-level political negotiation, raising stakes for fiscal integration and regional aid.