EU Summit: New Own Resources Unlikely, Budget Talks Stall

At the EU summit in Brussels, leaders discussed the next multi-annual financial framework, but hopes for new 'own resources' (EU-level taxes) to fund the budget were dashed. The source reports that the idea of new taxes is a misconception, indicating member states remain divided on revenue sources. This matters because the EU's future budget, including funds for defense and Ukraine, faces funding gaps without new revenue streams.