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Europe Today
Watch: Behind closed doors—Ukraine, taxes, and trade at this week's European Council Summit
Tonight, Council President António Costa is gathering all twenty-seven national leaders for an exclusive, high-stakes working dinner. Sadly, he forgot to invite your reporter, but that doesn't stop us from seeing what will be served on the multi-course menu.
Europe News
Cyprus proposes €32.8 billion cut to next EU budget as compromise
Cyprus proposes a 2% cut — worth €32.8bn — to the EU's draft €2 trillion budget for 2028–2034, in a bid to bridge the gap between "frugals" and cohesion-minded member states. The figures, now on the table for the first time, will serve as the starting point for the sensitive negotiations ahead.
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"Super Mario" celebrated for defending the euro and European unity
Former European Central Bank president Mario Draghi received the 2026 Charlemagne Prize on Thursday, 14 May, in Aachen, Germany, in recognition of his contributions to European unity and his leadership during the eurozone debt crisis of the 2010s.
EU.XL
EU’s €2 trillion budget talks risk becoming ugly and delayed
A fierce budget battle is brewing in Brussels as the European Parliament pushes for nearly €200 billion more in the EU’s next long-term budget, setting up a clash with Ursula von der Leyen and fiscally conservative member states over how to fund Europe’s ambitions.
EU.XL
MFF mayhem: Should the EU increase its budget, or focus on austerity?
The next MFF has sparked a high-stakes tug-of-war between the European Commission, which proposed an initial €1.8 trillion plan, the European Parliament, insisting on an additional €200 billion, and "frugal" member states determined to slash spending.
