Arab Today, arab today eu confirms november summit on trillioneuro bloc budget
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

EU confirms November summit on trillion-euro bloc budget

Arab Today, arab today

Arab Today, arab today EU confirms November summit on trillion-euro bloc budget

Nicosia - AFP

The European Union on Thursday confirmed it will stage an extraordinary summit of leaders in November to try and settle arguments over an estimated trillion euros of EU spending. European Commission budget spokesman Patrizio Fiorillo said ministers meeting in Cyprus had agreed to pass the issue up to a summit in November, as reported by AFP on Wednesday, but that no \"firm date\" could yet be communicated. The EU expects to have an estimated 1.0 trillion euros ($1.25 trillion at current exchange rates) to spend in a seven-year budgetary cycle from 2014 to 2020, but is progressing painfully through drawn-out negotiations over its spending plans and its funding mechanisms. Leaders are already scheduled to gather at EU headquarters in Brussels on October 18-19, when bailouts for Greece and Spain are expected to dominate the discussion, and again on December 13-14. The Cypriot minister chairing the talks, Andreas Mavroyiannis, said that the budget battle would go to heads of state and government \"most probably in an extraordinary European Council in November... where we aim to reach an agreement.\" Negotiators face fights over farm subsidies and aid for poorer regions (with each counting for 40 percent of its budget) or whether and to what extent the EU should be free to raise more of its own money via taxes, notably on financial transactions. The EU\'s budget has long been a headache for the tens of thousands of mostly Brussels-based staff that run the supra-national organisation. But arguments against ever-rising spending -- the annual budget is currently headed towards 140 billion euros -- have sharpened since the financial and debt crises first bit in 2008. United Kingdom Prime Minister David Cameron has led successive calls first for cuts and then a freeze on EU spending in real terms, and can be expected to be a vocal figure come the talks. Farming support is sacrosanct for the French, while cohesion spending to improve infrastructure in poorer areas is considered untouchable by the likes of Poland.

arabstoday
arabstoday

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 eu confirms november summit on trillioneuro bloc budget Arab Today, arab today eu confirms november summit on trillioneuro bloc budget

 



Arab Today, arab today

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 eu confirms november summit on trillioneuro bloc budget Arab Today, arab today eu confirms november summit on trillioneuro bloc budget

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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