EU leaders will clash this week over the EU's 2021-2027 budget as Britain's exit leaves a multi-billion dollar hole in the bloc's finances
A European Union flag is seen outside the EU Commission headquarters in Brussels, Belgium, on Nov. 14, 2018.
Still, disputes over hundredths of percentage points have kept EU and government officials busy for the last two years and many diplomats remain sceptical that a deal will be reached on Thursday and Friday, when leaders meet in Brussels. It spends money on subsidies for EU farmers, on equalising living standards across the bloc, border management, research, security and various non-EU aid programmes.
But with less money coming in because of Brexit, some net contributors argue there is simply less to share around. Also, more money should be spent to modernise the EU economy rather than on preserving agriculture, they say.
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