‘This EU budget proposal is bad,’ Portugal’s PM António Costa tells Euronews

By Isabel Marques da Silva

Portugal’s prime minister has hit out at a proposal on how to finance the European Union in the coming years.

António Costa, speaking to Euronews in Brussels, has criticised the idea of reducing the EU’s 2021-2027 budget.

European leaders are holding a summit today to begin the complex process of thrashing out the bloc’s long-term financing.

Costa leads a group of countries who are against cuts to the EU’s budget, especially in areas like agriculture and reducing regional disparities.

The latest budget proposal suggests cuts to the Cohesion and Common Agricultural Policy funds so that is more money for migration and defence.

“I think this proposal is bad in several ways,” he told Euronews. “It is bad because it does not correspond to the global financing needs identified by the European Commission and the European Parliament.

Read more at https://www.euronews.com/2020/02/20/