Arab Today, arab today battle over eu budget set to turn ugly
Last Updated : GMT 19:43:12
Arab Today, arab today
Arab Today, arab today

Battle over EU budget set to turn ugly

Arab Today, arab today

Arab Today, arab today Battle over EU budget set to turn ugly

Brussels - AFP

Negotiations over the European Union budget looked set to turn ugly Wednesday as a drive to ramp up 2013 funding ran into a push to impose a decade of austerity on Brussels. The European Commission is expected to call at 1100 GMT for a budget next year of 138 billion euros ($182 billion), according to EU sources. That would mean an increase of 9.0 billion euros, although officials said the final figure would be subject to last-minute talks. Diplomats warned that several governments including Britain, France and Germany already find a 6.8-percent rise \"unacceptable\" at a time that national governments are forced to impose austerity. The EU budget is always chaotic to negotiate: a big bloc led by France insists spending on agriculture is sacrosanct; while another led by Poland maintains so-called \"cohesion\" funding, or investment in poorer region, must be kept high. Between them, these two primary EU policies account for 80 percent of bloc spending. After bruising battles amid tough spending cuts domestically for most member states, the EU\'s budget for 2012 was agreed at 129 billion -- and in February, the EU executive sought only 131.67 billion for 2013. The Commission says the extra money now demanded next year is needed to settle unpaid bills from its seven-year budgetary cycle, drawing to a close with 2013. Diplomats say the \"substantial\" jump is a response to a push by bigger member states who want to slash 100 billion euros from EU spending during the 2014-2020 budgetary cycle. At the same time, poorer eastern EU countries that normally benefit largely from annual grants aimed at levelling out facilities across the continent, are fighting back to maintain levels of investment. For these countries, according to a joint statement issued during talks in Luxembourg on Tuesday, \"we ought to focus on those instruments that promote growth, jobs and investment.\" Countries among this group argue that deep cuts going forward would only exacerbate the traditional wealth gap among old and new EU states. \"2013 is a test-case for the rest of the decade,\" said a diplomat caught in the middle. \"France has been hawkish so far,\" the diplomat said, referring to the country\'s demands on budget cuts. \"Francois Hollande could undo that a bit were he to win the decisive round in the presidential election, but I\'m not so sure he would be able to change track,\" this negotiator added. In the first skirmishes earlier in the spring, before a Commission forecast of an earlier-than-anticipated pick-up in the economy next year, EU budget commissioner Janusz Lewandowski was working off projections based on 2.0-percent annual inflation. Already on that basis the 129-billion-euro 2012 budget would translate into 142.5 billion in 2017, producing an overall outlay of more than a trillion euros between now and the end of the decade.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today battle over eu budget set to turn ugly Arab Today, arab today battle over eu budget set to turn ugly

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday