"A summit of EU leaders seeking to fill a €75bn hole in the bloc’s budget left by Brexit dramatically collapsed after Angela Merkel led major contributors in rejecting a proposal that would have left them paying billions more."
EU summit collapses as leaders struggle to fill €75bn Brexit hole (The Guardian, link):
The meeting in Brussels was brought to an abrupt end on Friday evening with the leaders deeply divided, leaving the European council president, Charles Michel, to admit: “We need more time.”
The UK’s departure has left EU states struggling to fund plans over the next seven years to tackle the climate emergency, aid poorer regions and continue to subsidise farmers through the common agricultural policy.”