Reuters
Germany is the main driving force behind this process. Italy and Romania are leading efforts to preserve EU funding for agriculture and regional payments.
According to Politico, this turn of events has been made possible because 17 EU member states have categorically opposed cuts to agricultural spending (agricultural subsidies) and support for depressed regions; the savings of between €100 billion and €200 billion are planned to be reallocated to other areas.
According to Politico, the situation surrounding the European Commission’s proposed €1.76 trillion plan has reached an impasse. Brussels’ initiative to cut agricultural subsidies and aid to economically depressed regions is also failing to gain support.
The publication’s sources within EU institutions report that savings of between €100 billion and €200 billion are to be achieved by reducing expenditure on foreign policy, aid to other countries and investment in industrial innovation.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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