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…
United Kingdom – Splitting Rage Takes Root
For all admiration the British nation inspires, anglophiles and others slightly less impressed are wondering what is wrong with the
Global FDI Recovery Stalls in 2012
Macroeconomic fragility and policy uncertainty for investors has led to an 18 per cent decline in global foreign direct investment
UN Economic Commission for Africa: What We Know About Domestic Resource Mobilization in Africa
By Emmanuel Nnadozie, Chief Economist and Director, Economic Development and NEPAD Division (UN Economic Commission for Africa) A major challenge
