Europe
The EU budget
Luxembourg braces for a costly fight over the EU's next budget
EU ministers met in Luxembourg on 16 June to wrangle over the bloc's 2028-2034 budget, an almost €2 trillion plan that shifts funding toward defence and competitiveness while merging cohesion and farm subsidies. For Luxembourg, a net contributor once administrative spending is stripped out, both its bill and the future of its EU-institution presence are at stake.