Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

EU chief concerned about 'severe cuts' proposed for next EU budget

Published 12/04/2019, 07:15 AM
Updated 12/04/2019, 07:21 AM
EU chief concerned about 'severe cuts' proposed for next EU budget

BRUSSELS (Reuters) - The head of the European Union's executive arm, German conservative Ursula von der Leyen, said on Wednesday she was concerned about the "severe cuts" proposed for the bloc's long-term budget from 2021.

European Commission head von der Leyen was commenting on the most recent proposal by current EU president Finland, as a tug-of-war between the bloc's member states drags on over their joint spending for 2021-27.

The Finnish proposal to cap the budget at 1.07% of the bloc's gross national income (GNI) came in below the ceiling of 1.11% put forward by the Commission but above the 1% level pushed by the biggest net payer Germany.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.