Story perspectives

EU Draft Boosts Poorer States, Slashes Defence, Cyprus Cuts 2%

6/13/2026

Summary

Story summary

The draft adds €5 billion to payments for 15 member states whose GNI is below 90 percent of EU average.
Cyprus announced a 2 percent (€32.8 billion) cut to the 2028-2034, starting negotiations.
The €942 billion agriculture, fisheries and cohesion line is reduced modestly, while the €502 billion competitiveness and defence line faces larger cuts.
Germany and the Netherlands called the reduction unaffordable, while Italy, Spain and Poland praised farmer-subsidy protection and funding for low-GNI countries.

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Story summary

The draft adds €5 billion to payments for 15 member states whose GNI is below 90 percent of EU average.
Cyprus announced a 2 percent (€32.8 billion) cut to the 2028-2034, starting negotiations.
The €942 billion agriculture, fisheries and cohesion line is reduced modestly, while the €502 billion competitiveness and defence line faces larger cuts.
Germany and the Netherlands called the reduction unaffordable, while Italy, Spain and Poland praised farmer-subsidy protection and funding for low-GNI countries.