The Fort Worth Press - Macron warns urgent to strike EU budget deal before French vote runup

USD -
AED 3.673007
AFN 64.99933
ALL 81.338497
AMD 361.490065
ANG 1.789785
AOA 916.99986
ARS 1512.990698
AUD 1.445264
AWG 1.80125
AZN 1.703157
BAM 1.743363
BBD 2.013184
BDT 122.946509
BGN 1.747831
BHD 0.377586
BIF 2996
BMD 1
BND 1.281883
BOB 11.71977
BRL 5.073398
BSD 0.999594
BTN 94.961938
BWP 13.742418
BYN 3.017057
BYR 19600
BZD 2.010313
CAD 1.41832
CDF 2312.521651
CHF 0.82692
CLF 0.024962
CLP 982.450274
CNY 6.69275
CNH 6.690097
COP 3178.8
CRC 454.960757
CUC 1
CUP 23.989731
CVE 98.287665
CZK 21.705298
DJF 177.719735
DKK 6.66324
DOP 61.28243
DZD 134.428612
EGP 53.427702
ERN 15
ETB 163.269377
EUR 0.891199
FJD 2.262981
FKP 0.76043
GBP 0.753175
GEL 2.589926
GGP 0.76043
GHS 11.629742
GIP 0.76043
GMD 73.999951
GNF 8793.432336
GTQ 7.636425
GYD 209.06352
HKD 7.84765
HNL 26.837693
HRK 6.716803
HTG 130.889189
HUF 324.139865
IDR 17933
ILS 3.103975
IMP 0.76043
INR 94.743151
IQD 1514.36683
IRR 1790499.999677
ISK 121.410038
JEP 0.76043
JMD 158.941401
JOD 0.709025
JPY 158.071499
KES 129.980171
KGS 87.450077
KHR 4059.311949
KMF 441.999947
KPW 899.999961
KRW 1341.750075
KWD 0.31096
KYD 0.832995
KZT 453.004595
LAK 22483.097342
LBP 89509.87864
LKR 330.880551
LRD 170.423094
LSL 16.517836
LTL 2.95274
LVL 0.60489
LYD 6.421479
MAD 9.795696
MDL 17.962214
MGA 4502.324255
MKD 54.950394
MMK 2099.444361
MNT 3596.720368
MOP 8.079529
MRU 40.052235
MUR 47.297406
MVR 15.450063
MWK 1732.925677
MXN 18.38219
MYR 4.0843
MZN 63.909799
NAD 16.51791
NGN 1329.720224
NIO 36.787121
NOK 9.46899
NPR 151.938745
NZD 1.78077
OMR 0.384501
PAB 0.999586
PEN 3.438455
PGK 4.537108
PHP 63.056502
PKR 276.703496
PLN 3.89185
PYG 5692.357747
QAR 3.643608
RON 4.754896
RSD 104.672029
RUB 83.871623
RWF 1474.878661
SAR 3.783194
SBD 8.064647
SCR 14.00197
SDG 601.494334
SEK 9.94988
SGD 1.281985
SHP 0.754745
SLE 24.680145
SLL 20969.504398
SOS 571.283404
SRD 37.641501
STD 20697.981008
STN 21.838829
SVC 8.746189
SYP 13001.999685
SZL 16.511864
THB 33.512002
TJS 9.210912
TMT 3.51
TND 3.001547
TOP 2.40776
TRY 49.417596
TTD 6.784239
TWD 32.348702
TZS 2640.003002
UAH 44.837859
UGX 4022.801521
UYU 40.200736
UZS 11955.039354
VES 878.023598
VND 25873
VUV 119.689611
WST 2.781623
XAF 584.588125
XAG 0.017527
XAU 0.000240744285
XCD 2.70255
XCG 1.801465
XDR 0.707052
XOF 584.588125
XPF 106.304652
YER 236.150558
ZAR 16.50637
ZMK 9001.193742
ZMW 19.915944
ZWL 321.999592
SSP 5773.824733
MXV 2.075654
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Macron warns urgent to strike EU budget deal before French vote runup
Macron warns urgent to strike EU budget deal before French vote runup / Photo: © AFP

Macron warns urgent to strike EU budget deal before French vote runup

French President Emmanuel Macron Thursday urged his EU counterparts to seal a deal on a long-term budget by Christmas, warning it will grow much harder in the runup to high-stakes 2027 elections in France and elsewhere in Europe.

Text size:

The 27-country European Union is in a race against time on the spending plan, worried any future dealmaking will be derailed by potential eurosceptic wins -- most crucially in key power France where the far right's Marine Le Pen is running in the lead.

Macron said agreeing a deal would be "complicated in between January to April because of elections", one European diplomat told AFP.

Another diplomat said Macron told fellow leaders in Brussels there would be "no political breathing room from January onwards" for an agreement.

A third said the French delegation specifically raised the elections in France during the nearly four hours of talks on the budget.

There was little sign of progress after the day's meeting, with leaders watering down their conclusions to call for a "timely agreement" rather than setting a hard year-end deadline.

But an EU official said all member states backed the goal of an agreement before 2026 is out.

The nearly two-trillion-euro budget will determine the EU's main priorities for the period from 2028 to 2034, from agriculture and defence to competitiveness and migration.

Leaders must agree how much to give to farmers, what to spend on defence, how to make the economy more competitive against the United States and China, and whether to pour European money into migrant "return hubs" in Africa.

But there are deep divisions, and virtually all countries have come out against the latest proposal on the table.

"We are facing very, very difficult negotiations," Germany's Chancellor Friedrich Merz told reporters earlier Thursday.

Leaders are "still very far apart", he added, suggesting they "pack a few extra shirts" for a final summit meeting set for December.

- Spectre of Le Pen -

The sense of urgency is real, with elections looming in France but also in Italy, Poland, Greece and Finland -- and the awareness eurosceptic new governments could make it much harder to reach a 2027 deal.

Le Pen has already vowed to slash the country's contribution to the EU budget to help cost savings in the bloc's second-biggest economy.

Putting the screws on the EU, Le Pen travelled to Brussels on the eve of the summit to warn of a "democratic scandal" if leaders adopted a budget before France heads to the polls in April and May.

Ireland, which holds the rotating EU presidency, presented the latest proposal forming the basis of the talks, with cuts of around 140 billion euros to the budget total.

But as it stands, three opposing camps are all unhappy at what is on the table -- each for their own reasons.

- 'Far too expensive' -

On one side is Germany, leading a group known as the frugals that includes the Netherlands and Sweden, which demand cuts of several hundred billion euros.

In another corner is France, which opposes massive cuts to the budget and believes the continent needs a larger pot to match the rising challenges it faces.

A French official warned there could be no agreement without "substantial" new bloc-wide taxes including on large companies, environmental taxation and levies on tobacco.

Paris also wants EU-wide taxes on digital services, crypto-assets and online gambling, which the European Parliament also seeks.

And in the third camp are the "Friends of Cohesion", demanding more funding specifically to support agriculture and regional development.

"The proposal is clearly insufficient," said Spain's Pedro Sanchez, maintaining that the money on the table was "far short" of what was needed for the bloc to respond to the many challenges it faces.

European Council President Antonio Costa will lead negotiations in the countdown to December, with an extraordinary meeting added in late November to help get the budget over the line.

S.Rocha--TFWP