Ireland's EU budget proposal has no 'weak points', Irish minister says

What happened: Ireland, holding the rotating Council of the EU presidency, presented a compromise on the bloc's next seven-year budget ahead of tomorrow's EU summit. Irish Minister of State for European Affairs Neale Richmond defended it amid criticism from other member states. Key numbers: Proposal cuts 141 billion euros from a 1.7 trillion euro draft. Richmond says it is still an increase on the last budget. Why it matters: Richmond called the plan a demonstration of what is realistic and said it has no weak points, as other member states criticize the proposal ahead of the summit.

Ireland, holding the rotating Council of the EU presidency, presented a compromise on the bloc's next seven-year budget ahead of tomorrow's EU summit. Irish Minister of State for European Affairs Neale Richmond defended it amid criticism from other member states.

Richmond called the plan a demonstration of what is realistic and said it has no weak points, as other member states criticize the proposal ahead of the summit.