Languages: ENNL

Thu 7 to Fri 8 Feb 2013

EU leaders renew budget talks

  • By Maja Micudova and 1 other
  • Last Update: 4 years ago
  • Brussels, Région de Bruxelles-Capitale, Belgium

EU leaders convene for a summit on the bloc's 2014-20 budget. The talks on the long-term financial framework have been interrupted in November 2012 when the parties failed to reach a deal.

In July 2012, the European Commission proposed a budget of €1.03 trillion, which is five percent higher than the 2007-13 package. However, seven major contributor states have opposed the increase at a time when their national budgets are being cut.

British Prime Minister David Cameron is among those insisting that the EU cannot expect a five percent increase in spending when the bloc's member states are dealing with austerity and economic difficulties. He has instead called for sharp cuts of up to €200 billion to the multi-annual budget. - EU leaders to resume budget talks at Feb. 7-8 summit on 2013-01-17

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