Budget | Euronews

English

Europe News

Fourteen member states oppose the Commission's EU budget overhaul

In a document seen by Euronews, 14 member states are calling for a 'stand-alone cohesion policy' to ensure the next EU long-term budget boosts competitiveness and convergence across EU regions.

Europe News

EU Commissioner calls for more of long-term budget for space projects

The EU Commission is in the final stages of drafting a proposal for the bloc's seven-year budget after 2027, which currently stands at €1.2 trillion. The EU Commissioner for Defence and Space has told Euronews that he is seeking additional funding for his policy areas.

Travel News

Consumer groups file complaint against ‘abusive’ hand luggage charges

The consumer groups argue that the fees for hand luggage contravene a ruling from more than a decade ago by the European Court of Justice.

Destinations

Europe’s best city breaks for budget travellers this summer

The report found that prices have fallen in half the cities surveyed.

ADVERTISEMENT

Health news

WHO chief makes plea to fill budget gap by comparing 'costs to war'

The UN health agency is asking for the equivalent of €3.7 billion for the next two years to fill a funding shortfall.

Markets

Here’s how you can handle your finances during economic uncertainty

Some ways of gaining better control of your finances include creating an emergency fund and finding areas where you can cut back.

Europe News

MEPs oppose Commission's overhaul of EU budget after 2027

Members of the European Parliament called for a budget of more than 1% of the EU's GDP and rejected the Commission's idea of single national plans under the EU's next long-term budget (2028-34).

Economy

Germany’s economic sentiment hits 2-year high, EU exports to US soar

Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply.

Art

Tate museums to cut 7% of workforce amid financial challenges

Tate has announced that it is cutting 7% of its workforce, as the British arts institution grapples with a post-pandemic financial deficit. The move echoes major budget cuts for many cultural institutions globally, including major European museums.

Europe News

PM Sánchez: Spain must help countries facing Russian threats

The Spanish prime minister also stressed the need for a just peace in Ukraine without rewarding Moscow's aggression.

Destinations

European destinations where your money will go the furthest

80 per cent of British holidaymakers said deals and prices in travel adverts were their main inspiration.

Europe News

Germany's Merz in race over debt reform to raise defence spending

The CDU/CSU and SPD are proposing to create a special fund of €500bn for infrastructure and defence by reforming the country's "debt brake" provision.

Economy

The trillion dollar question: How can Germany kickstart its economy

Friedrich Merz, Germany's soon-to-be chancellor, has announced a strategy to exempt defence spending from limits on government borrowing.

Denmark

Denmark to boost defence spending by €6.7bn over next two years

Danish Prime Minister Mette Frederiksen said on Wednesday that defence cuts "must never happen again".

Europe News

EU Commission to propose a simpler, policy-focused long-term budget

“The status quo is not an option,” the European Commission said in a communication laying the groundwork for the upcoming proposal on the next long-term budget (2028-34).

Culture news

Budget cuts spark stern response from France's Académie des beaux-arts

With severe budget cuts hitting France’s arts sector, the Académie des beaux-arts warns of threats to creativity and democratic freedoms.

Culture news

Tate Liverpool renovation plans delay opening to 2027

Closed in 2023 for massive renovations, the reopening date for the Tate Liverpool has been pushed back two years until 2027.

Culture news

'Stand up for culture!': French artists unite against budget cuts

Protests have spread across France after the government's forced budget announced severe cuts to the culture and arts sector.

Economy

UK inheritance tax receipts hit record levels after threshold freezes

The amount of money collected through inheritance tax is likely to rise further in the UK due to recent policy changes.

Europe News

New French PM aims to please all sides and avoid no-confidence vote

After getting the nod in December, Bayrou became France's fourth prime minister in just one year. He now faces a major challenge to pass the long-overdue 2025 budget plan.