Ahead of Friday's meeting in Brussels, President of the European Council Donald Tusk asked the leaders if they were ready to pay more into the budget.
Britain's departure will leave a hole of about €10bn a year in the EU's budget, and the European Commission has warned that without an increase in contributions from member states, there will have to be cuts to the biggest spending areas, the CAP and structural and regional funds. The number of Member States is decreasing, it is logical to reduce the number of Members.
The EU 27 will also give their views on changes to the European Parliament after Brexit, particularly what to do with the 73 seats now held by British MEPs.
France, which becomes the EU's second-largest economy after the British depart, will be expected to pay only an extra €1.2 billion a year, and Italy only an additional €1 billion. "Britain is leaving so that part needs to be removed from the budget".
"That would be only about 10 euro cents per day more than now, for each German", said Mr Oettinger.
The executive Commission wants the budget to increase to 1.1-1.2 percent of European Union gross national income from 1.0 percent now.
In a major reshuffle of the top ranks of the EU civil service, the European Commission has appointed Jean-Claude Juncker's right-hand man as the organisation's secretary general.
"I think we want to have new priorities, new policies, future-oriented policies, and if we can not reduce to the right extent old policies then countries have to pay more", European Commission President Jean-Claude Juncker said on arrival.
The 63-year-old Mr Juncker, who is standing down next year, wants to make this "top of the list" arrangement permanent by getting governments to agree to follow the same procedure in the European Union parliamentary elections scheduled for May next year. In recent debates we have set out new priorities, such as stemming illegal migration, improving European security and defence as well as investing more in the Erasmus programme.
The European Parliament recently torpedoed a plan backed by French President Emmanuel Macron for the 2019 elections to feature some pan-EU MEPs, rather than each MEP being directly elected by constituencies in member states. Last time it took the European Union more than two years to reach an accord on the spending plan.
ASIA'S DAY: The Shanghai Composite Index gained 0.6 percent to 3,289.02 and Tokyo's Nikkei 225 advanced 0.7 percent to 21,892.78. The S&P BSE metal index rose by 469.96 points, banking index by 356.63 points and healthcare index by 266.85 points.
We've got a decent chance of seeing rain on Friday , but most of the rain is expected during the morning. Highs will be in the upper 20s this afternoon , and winds will be bringing in warmer air from the east.
Finally, APG Asset Management N.V. increased its position in shares of Anadarko Petroleum by 635.6% during the third quarter. Ontario - Canada-based Toronto Dominion National Bank has invested 0.04% in Anadarko Petroleum Corporation (NYSE:APC).
TV footage showed fighters in camouflage uniforms standing among scores of men who gathered in the square waving posters of Assad. A spokesman for the Syrian Civil Defense search-and-rescue group said eastern Ghouta was being targeted for "extermination".
Bush credits Graham with sparking his sobriety, and Barack Obama visited Graham in 2010 at Graham's North Carolina home. But if five came for the funeral - along with President Trump - it would have been an event unlike any in history.
A suspect, who Bullrich only referred to as "K", was in charge of buying the drug, and introducing it to the embassy in Argentina. Authorities said the drugs have a street value in Russian Federation of about $61 million.
On Friday, authorities imposed a three-mile no fly zone over the crash site, which will remain in effect until Saturday morning. Little information is being given right now and it's unknown if there are survivors or how many passengers were on the plane.
The 66-year old actor wasted no time and celebrated the momentous occasion with an apparent jab at President Trump. The official ceremony for Hamill's star will take place on March 8, according to Variety magazine.
United Kingdom opens cryptocurrency inquiry
It has the potential to scale and completely revolutionise industries such as the public sector and financial services. The timing of the inquiry is "right", according to Alison McGovern MP, Treasury Committee member.
NFL Draft: Philadelphia Eagles 7-round mock
But Kiper readily admitted that Barkley could be the first overall pick, with the Browns taking a quarterback fourth. Yes, veteran Larry Fitzgerald is coming back for 2018, and his production has shown no drop-off in recent seasons.
Rangers trade RW Michael Grabner to Devils
The 30-year-old winger will be an unrestricted free agent after this season, so this is purely a deadline rental for the Devils. I'll likely have more thoughts on this deal in the coming days but for now I'll say this: I like the move.
Vice President Pence meets with National Space Council
Also in the 2020s, the administration wants to put American boots back on the moon, this time establishing a long-term presence. They're explorers, they're builders; some have built rockets, some have built businesses.