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EU Presidency Plans 140 Billion Euro Budget Cut
Ireland, which holds the rotating presidency of the European Union, has proposed cutting the bloc's suggested budget by 140 billion euros ($155 billion) in a plan aimed at reaching an agreement among member states amid deep divisions over the level of spending. Germany is leading calls to reduce international aid budgets, while France opposes this, emphasizing the continent's need for resources to address future challenges. Leaders are scheduled to meet in Brussels to discuss the budget for the period from 2028 to 2034 before the end of the year, with an attempt to agree on it by Christmas.
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