European Union leaders meet in Brussels to negotiate the bloc’s next long-term budget, seeking an agreement by Christmas. Multiple outlets describe the talks as the EU’s most significant budget showdown yet, with no deal in sight and divisions over the overall size and key priorities.

The proposed package covers spending for 2028 to 2034 and is reported as nearly €2 trillion. Sources also agree that the negotiations include questions about the EU’s revenue sources and spending priorities, including support for Ukraine, with Ukrainian President Volodymyr Zelensky scheduled to join the meeting on Friday to rally support amid heightened tensions involving the United States.

Across the coverage, the political context is a central pressure point. Outlets say leaders are racing to conclude an arrangement before elections next year, especially France’s presidential election, where far-right candidate Marine Le Pen is cited as a leading figure in opinion polls. Several reports warn that potential Eurosceptic gains in upcoming votes across member states could complicate or derail further budget bargaining.