French President François Hollande took aim at British Prime Minister David Cameron on Tuesday ahead of this week’s EU budget talks.
Hollande, who was addressing MEPs in Strasbourg, hit out at the UK rebate, which London says is a ‘red line’ for Thursday’s negotiations.
“Rebates must stop rising, and in the future the EU will need its own (financial) resources,“ said Hollande.
“A compromise is possible, but it must be reasonable and therefore we will have to reason with those who want to cut the EU budget beyond what is possible to accept.”
Britain’s rebate was negotiated by Margaret Thatcher three decades ago to compensate Britain for the small amount of agricultural subsidies it receives.
Spending on farming makes up some 40 percent of the EU’s budget. The European Commission has put forward a proposal amounting to one trillion euros.
Hollande also told MEPs in Strasbourg that the EU should have the power to raise taxes and spend those revenues in the same way governments do.
“Yes, make cuts but weaken the economy, no,” he said, stressing that the new budget must also “support the most vulnerable, those most exposed to the crisis, the poorest.”
EU net contributors – those that pay more in than they get out - including Sweden, The Netherlands and Denmark back Britain’s more hawkish stance on spending.
MPs in Britain are demanding a real terms cut to the current EU budget for the period 2007-2013, which also amounts to one trillion euros.
Copyright © 2014 euronewsMore about:
- 1Further gunfire, but also war of words over crisis in Ukraine
- 2Recording of Philae probe landing on Comet 67P released
- 3Irony as organised crime prosecutor arrested for corruption in Romania
- 4Spain: Singer Isabel Pantoja jailed for two years
- 5Portuguese ex-PM José Socrates questioned in fraud probe
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 3Italy swamped by flash floods | euronews, world news
- 4Back to School for Romania’s new First Lady | euronews, world news
- 5What will you ask US Senator John McCain? | euronews, world news
- 6Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 7India PM Modi appoints Yoga minister | euronews, world news
- 8Vladimir Putin most powerful man in the world – Forbes | euronews, world news
- 9[Live] Rosetta’s Philae lands on comet 67P and enters the history books | euronews, world news
- 10European e-revolution people rise up | euronews, world news
- 11International tv news | euronews: European and International tv news bulletin
- 12Where is the best place in Europe for women? | euronews, world news
- 13Obama’s ‘risky’ immigration gamble | euronews, world news
- 14Nadia Comaneci: gymnast of perfection and defector | euronews, the global conversation
- 15Putin plans to leave G20 talks early amid Ukraine pressure | euronews, world news
- 16Transcript of hanged Iranian woman’s final message released | euronews, world news
- 17US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 18Syria: Islamic extremists pledge to press ahead with battle for Kobani | euronews, world news
- 19Edgars Rinkevics: “I am gay. Good luck all of you.” | euronews, world news
- 20International news | euronews, latest international news