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Developing Update · Europe — Economy: live coverage

EU institutions push for ambitious long-term budget with new revenue streams

The European Commission is urging member states to approve new sources of revenue as negotiations continue regarding the European Union's two trillion euro long-term budget.

By 2 Jul 2026 · 16:00 CET Updated 2 Jul 2026 · 16:00 CET

AI disclosure: Summarised from a single named source by an AI model with editorial rules; links to the original report.

According to Euronews, European Union institutions are intensifying pressure on member states to secure an ambitious long-term budget. The current negotiations, which involve a total sum of two trillion euros, have prompted the European Commission to advocate for the introduction of new, tangible revenue streams known as "own resources."

Source: Euronews. Read the original report ↗

Source ledger

  • This brief is based on reporting by Euronews.
    supports: Euronews