Negotiations over the EU’s next budget are heating up, with MEPs and national governments squaring up for a fight over money and how to spend it. “Obviously the majority of members can only vote in favor if our demands are incorporated into the budget to a satisfactory extent.” But these calls have fallen on deaf ears in fiscally conservative countries such as Germany and the Netherlands, which are pushing for a smaller budget. “It is sad to see that the European Parliament wants to tackle the geopolitical and geoeconomic challenges of the 21st century with budget priorities deeply rooted in the last century,” said an EU diplomat who, like others quoted in this story, was granted anonymity to speak freely.