EU summit ends without agreement on 2021-27 budget

NEWS 21.02.2020 19:57
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Source: N1

An extraordinary meeting of EU member states' leaders ended on Friday evening without agreement on the next EU budget.

The 27 leaders did not support the latest proposal that the 2021-27 budget be 1.069 percent of the gross national income.

Most of the summit, convened so that they could reach a compromise on the new Multiannual Financial Framework, passed in bilateral meetings, while the plenary kept being postponed all day.

After a new proposal was drawn up, with little changes made to European Council President Charles Michel's earlier draft, the EU leaders convened again but soon ended the meeting without reaching an agreement.