EU Budget Agreed
Following their meeting on Thursday 27th June at the Commission headquarters, President Barroso, President Schulz and Irish Taoiseach Kenny announced a political agreement on the European Union’s future budget 2014-2020.
President Barroso underlined that this was possible because all sides have gone the extra mile and said: “This is a good deal for Europe, for European citizens and for the European economy.”
He pointed to the main elements of the agreement: more flexibility on both payments and commitments, frontloading of expenditure linked to youth employment, research, education and SMEs as well as the possibility to increase aid for the most deprived people. He also said that the deal confirms the agreement reached for the 2013 amending budget.
“This is a good deal for Europe.”
He also pointed out that the Compact for Growth discussed at the European Council that same day cannot exist without a fund for growth and concluded: “Our fund for growth is the European budget”. He thanked the representatives of the other institutions for their true European spirit.
The deal will now be submitted to the European Parliament and the Council for formal endorsement.
You may have an interest in also reading…
Rate Holds Dominate as Major Central Banks Navigate a Fragile Global Economy
Monetary policymakers from the world’s largest economies are opting to play a cautious hand. This week, the US Federal Reserve,
‘Deep-Tech’ Founders-Turned-Investors Forge VC Powerhouse
‘We’re building the VC firm we wish we’d had as technical founders’. UK early-stage deep-tech VC firm SCVC focuses on
Welcome to the Correction: Wall Street Teeters Amid Trade Tensions
The S&P 500 officially entered correction territory this week, sliding over 10 percent from its most recent peak. As of
