Major contributors to the European Union's budget blocked progress at an emergency summit on Friday, insisting that they would not stump up more funds for the bloc's next long-term spending package, worth around one trillion euros ($1.1 trillion).
The so-called "Frugal Four" of Austria, Denmark, the Netherlands and Sweden believe the EU's 2021-2027 budget, which is meant to fund ambitious climate change and digital economy policies, should amount to 1% of the 27-nation trading bloc's gross national income.
