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Euronews

Vincenzo Genovese

European Parliament demands €200 billion extra for EU budget in hardball talks

European Union European Parliament Europe Commission Council

The European Parliament will call for an increase of nearly €200 billion in the next common EU budget, setting the stage for heated political talks over resources.

MEPs are calling for an overall increase of around 10% and want to keep the repayment of Next Generation EU — the joint debt issued in 2020 to address the economic impact of COVID-19 — outside of the budget.

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