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Story summary
- Ireland, as EU rotating president, proposed cutting the 2028-2034 EU budget by €141 billion.
- The revised budget would total €1,622 billion in 2025 prices, 8% below the Commission’s proposal.
- The plan adds a €55 billion annual EU levy and raises the CBAM call rate to 90% from 75%.
- German officials, Dutch PM Rob Jetten and Sweden’s EU affairs minister Jessica Rosencrantz called the proposal unacceptable.