Finland says both EU Commission and German caps for EU budget 'unrealistic'

Finland's minister for European affairs, Tytti Tuppurainen, said on Wednesday demands by Germany and others for an EU budget worth 1% of EU-27 combined GDP, and the EU Commission's proposal of 1.11%, were both unrealistic.

Finland holds the EU's rotating presidency and Tuppurainen has led talks with member states on EU's new budget beyond 2020 which will be discussed at a summit of European Union leaders set for Thursday and Friday.