We are still negotiating. Our position is clear. I am prepared to stay the whole weekend, but it is likely that a new extraordinary summit will be needed, Frederiksen said ahead of the second day of the extraordinary summit on the MFF. She added that she was not sure when the next summit could be convened.
Denmark, Austria, Sweden and The Netherlands, dubbed the frugal four, insist that allocations to the new EU budget should not exceed one percent of the Gross National Income.
European Council President Charles Michel announced bilateral meetings for Thursday evening and early on Friday morning with all 27 EU leaders in an attempt to achieve some progress before convening a new plenary session.
The heads of state or government of the 27 EU member states gathered on Thursday for a Special European Council meeting to discuss and reach an agreement on the EU’s long-term budget for the 2021-2027 period.
Michel has proposed that the new Multiannual Financial Framework (MFF) for 2021-2027 amounts to €1094.8 billion, which is equivalent to 1.074% of the 27 member states' GNI.