Costa launches capitals tour to salvage €2 trillion EU budget deal before 2027 elections
European Council president begins August 25 trip through Central Europe and Baltics as frugal and cohesion camps remain deadlocked on seven-year spending plan.
Monday, 17 August 2026Europe · Analysis
Independent · Brussels & Berlin
Person
MEP leading European People's Party negotiations on the budget, European Parliament
European Council president begins August 25 trip through Central Europe and Baltics as frugal and cohesion camps remain deadlocked on seven-year spending plan.
Prime Minister Ilie Bolojan's pro-EU coalition collapsed after 281 MPs backed a motion tabled by the Social Democrats and the far-right AUR, leaving Bucharest scrambling to form a new administration before an August deadline for €10bn in EU recovery funds.
PSD's vote with AUR to topple the centrist government exposes a gap between the centre-left's European rhetoric and national coalition realities, with Greens and liberals demanding clarity on where the red line now lies.
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