Finland says both EU Commission and German caps on EU budget 'unrealistic'

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Finland says both EU Commission and German caps on EU budget 'unrealistic'
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Finland's minister for European affairs, Tytti Tuppurainen, said on Wednesd...

FILE PHOTO: Finnish Minister for European Affairs Tytti Tuppurainen attends a plenary session on preparations for the next EU leaders' summit, at the European Parliament in Brussels, Belgium October 9, 2019. REUTERS/Yves Herman/File Photo

Finland currently holds the EU’s rotating presidency, and Tuppurainen has led talks with member states over its budget for the years 2021-2027, which will be discussed at a summit of national leaders on Thursday and Friday. At the other end of the scale is the EU Commission’s proposal of capping the EU budget at 1.11% of the combined gross domestic product of the 27 member states.

EU leaders are set to discuss the most divisive points about the budget later this week in Brussels after which Finland will finalize a budget proposal that tries to combine differing views.

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