English

Negotiations are likely to turn into an intense political battle between the European Parliament and the Council over how to pay the interest rates of the post-recovery funds

Video. EU Parliament and Council clash over €1.52bn cuts to 2025 budget

Updated: 23/10/2024 - 14:39 GMT+2

'The EU budget cannot be a prisoner of interest rates by reducing our programmes,' said leading lawmaker Victor Negrescu, as MEPs signalled clear opposition to proposed cuts setting stage for tense negotiations over the EU budget for 2025.

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