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EUobserver.com / Economic Affairs / Leaders break off EU budget talks

EU leaders on Friday (23 November) decided to break off the 2014-2020 budget negotiations and postpone them for another summit, as a second compromise attempt failed to reconcile positions between those wanting cuts and those asking for more money.

Admitting that there are "still existing divergences," EU council chief Herman Van Rompuy at a press conference said that leaders had given him the task to continue bilateral talks in the coming weeks, with a view to a final deal early next year.

EU commission chief Jose Manuel Barroso will also be involved in what he described as "complex, difficult, but constructive talks."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Nov 23rd, 2012 at 03:30:14 PM EST
[ Parent ]
Germany floats 'plan B' - a budget deal without Britain | EurActiv

EU sources have fleshed out reports circulating last week about a plan to sideline the United Kingdom from ongoing budget talks, as Cameron threatened to veto a deal on the EU budget.

...If confirmed today, the 'plan B' would work in two steps.

  • First, EU leaders, recognising the impossibility of finding an agreement at 27, would issue a statement at today's meeting saying budget talks will resume in January 2013, at another summit.
  • In the meantime, they would reach a political agreement on the bloc's long-term finances - without the UK - and confirm it at the January summit.

Although not an official decision, the political agreement would allow the EU to continue funding itself "as if the MFF had been agreed," the source said, referring to the bloc's long-term budget, the Multi-annual Financial Framework.

The idea, which emanated from Berlin, was approved by Paris although the French had reservations, according to the same source. Crucially, Sweden and the Netherlands, which were initially reluctant, would now be willing to come on board.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Nov 23rd, 2012 at 03:30:32 PM EST
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