Brussels Summit ends with no agreement: EU source

The EU summit in Brussels ended on Friday evening without any agreement. The meeting lasted two days. The agreement presented at the last meeting was rejected as insufficient by the countries that support the cohesion policy.

“We managed to keep our negotiating goals; we are dealing with a new proposal. Payments from the emission of CO2 allowances were excluded as a source of EU income,” said Polish Prime Minister Mateusz Morawiecki after Friday’s negotiations.

“The differences are too serious to reach a compromise. We will have to work more” commented German Chancellor Angela Merkel.

Despite numerous bilateral meetings, European leaders did not reach any agreement on the future EU budget for 2021-2027.

The differences lie between those opposing budget limitations and the countries that appealed for a reduction in the number of EU policies after Brexit. The second group wanted to cut spending on regional policies by EUR 300 bln. Poland opposed this idea.

“We need more time,” was the only comment from the head of the European Council Charles Michel when commenting on the lack of agreement on the future EU budget.

source: