Leaders are gathering in Brussels on Thursday and Friday to react for the first time to an Irish budget proposal that envisages €159 billion cuts. They will also discuss energy prices, enlargement, Ukraine and migration.
Several countries, including Italy and France, urged Costa’s team to drop a reference to “reaching a final agreement by the end of the year” from the Council conclusions, two EU diplomats who were briefed on the discussions told POLITICO on condition of anonymity.
During a parliamentary speech Wednesday, Italian Prime Minister Giorgia Meloni said that “we will not sign an agreement that is not beneficial to us just to meet a deadline,” adding “we will sign an agreement only when it is right for Italy.”
There are also lingering concerns that Spain’s snap elections on Nov. 29 could work against the end-of-year deadline.
The new draft conclusions from Tuesday evening merely call for a “timely agreement,” adding that reaching a deal by the end of the year would allow EU funding to start flowing when the next budget takes effect in 2028. This is the same wording used in the Council conclusions from last June.
In another significant addition, EU leaders condemned U.S. President Donald Trump’s decision to lift sanctions on Russian diesel in the conclusions.
They also expressed “regret” towards U.S sanctions against the International Criminal Court and pledged to engage with Washington to reverse these measures.