EU: Countries Draw Lines for an Upcoming Budget Battle
MIN READJan 9, 2018 | 16:53 GMT
The European Union's 2014-2020 budget period is about to end, and regional divisions are already surfacing as member governments and institutions begin preliminary talks about negotiating the next one. The United Kingdom's departure from the union in 2019 is expected to leave a budget gap of about 9 billion euros per year, a substantial loss considering the last annual EU budget was about 160 billion euros. On Jan. 8, European Commission President Jean-Claude Juncker said that, after Brexit, EU member states will need to contribute more funds to the bloc's budget, which will begin in 2021 and last at least five years, than they have in the past....