NewzThe Irish presidency of the Council of the European Union has proposed a reduction of over 140 billion euros to the upcoming EU budget. This adjustment represents an 8% decrease from the figures originally presented by the European Commission, bringing the total proposed budget to 1.62 trillion euros.
The proposal aligns the Irish position more closely with the bloc's 'frugal' member states, which have historically advocated for tighter fiscal discipline. Conversely, the move signals a departure from the interests of Spain, which had previously sought different budgetary terms.
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