EU faces €100B-€200B budget cut as Ireland sets stage for tough summit talks

EU member states are preparing for a significant reduction in the next multi-annual budget, with estimates ranging from €100B to €200B. Ireland's proposal is expected to trigger difficult negotiations ahead of next week's leaders' summit. The exact size of the cut and the distribution of reductions remain uncertain, but the development signals a major shift in EU fiscal priorities and could strain intra-EU relations.