BRUSSELS — Cyprus' Council presidency is set to turn down Germany’s demands to slash the EU’s next seven-year budget , four EU diplomats told POLITICO. Nicosia, which is set to unveil new budget figures by June 10, is resisting pressure from the EU’s wealthier countries to cut spending on farmers’ subsidies and payments to poorer regions — a move that would irk frugal Northern EU members. However, if the plan goes ahead, it would be a win for Southern and Eastern European countries, which are