By Li Yang | China Daily | Updated: 2026-10-18 20:28 Some politicians of the European Union seem to have developed an expensive habit: confusing ambition with arithmetic. At the bloc's two-day summit in Brussels, which concluded on Friday, leaders struggled to agree on a long-term budget, quarreled over energy policy and confronted another €70 billion ($78.66 billion) request from Ukraine. The bloc insists that it is pursuing "strategic autonomy". Yet almost every entry in its increasingly uncomfortable ledger suggests the opposite: higher costs, fewer choices and greater dependence on outsiders. Consider the fiscal arithmetic. The European Commission's proposed €1.
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