Brussels faces a narrow window to reach an agreement on its next long-term budget.
European Union leaders are gathering in Cyprus this week for a possible row over the bloc’s 1.8 trillion euro plan – which is already dividing north and south, farmers and reformers, capitals and Brussels. Council President Antonio Costa wants speed. But with new EU tax proposals, debt repayments and options coming to the table, a compromise seems far off.
In today’s episode, Ian Wishart and Ryan Heath explain what’s at stake – and why this battle is just beginning.
They are also digging into the Commission’s new emergency energy package, as fears grow of a new conflict – fueled by the war in Iran and disruption of oil flows through the Strait of Hormuz.
What’s more: The revived Paris-Brussels romance raises uncomfortable questions about power, politics and conflicts of interest.
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