The €2 trillion question: Inside the battle over the EU’s budget

Trillions of euros, almost as many priorities — and just over two years to agree. The European Commission has unveiled its sweeping new seven-year budget proposal, and the fight over where the money goes is already heating up.

Host Sarah Wheaton is joined by POLITICO’s Gregorio Sorgi and Bartosz Brzeziński to break down the big winners and losers in the 2028–2034 MFF (Multiannual Financial Framework, as the EU’s long-term budget is known) — from slashed farm spending to a five-fold boost for defense and competitiveness. What’s the political vision behind the numbers? And what does the chaotic rollout tell us about Ursula von der Leyen’s grip on the process?

Then we shift to the escalating transatlantic trade fight. With Donald Trump having threatened 30 percent tariffs on EU exports, Brussels must decide whether to appease, retaliate — or something in between. You’ll hear highlights from a POLITICO Pro panel featuring trade reporters Camille Gijs and Ari Hawkins along with editor Doug Busvine.

If you’re interested in a Pro subscription, learn more here: https://www.politico.eu/why-go-pro/

Further reading:

Brussels slashes the EU farm budget, calls it a win. Farmers call it a declaration of war, by Bartosz Brzeziński, Lucia Mackenzie and Ferdinand Knapp

The muddled €1.8 trillion EU budget launch that exposes von der Leyen’s weaknesses, by Gregorio Sorgi

Access the original publication here

#Eurozone: #ECB officials question whether #Euro has strengthened too much, by @OlafStorbeck and Ian Smith | Financial Times

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ECB officials question whether euro has strengthened too much

Policymakers at central bank fret that a surging currency increases the risk of inflation undershooting

www.ft.com

[Featured] #Trade: #EU splits weaken its hand in crunch trade talks with #Trump, by @_Zimmerfrau and @_AriHawkins | Politico

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EU splits weaken its hand in crunch trade talks with Trump

European capitals are pulling in different directions ahead of a decisive round of trade talks in Washington. 

www.politico.eu

#EUDefence: The Italian job - How #Rome plans to work around #NATO spending hike, by @giuseppe_fonte, @AmanteAngelo and Gavin Jones | Reuters 

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The Italian job: how Rome plans to work around NATO spending hike

Italy, along with other NATO countries, has agreed to sharply increase defence spending over the next decade, but ...

www.reuters.com

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