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:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Iraq: Baghdad rally held against US ‘occupiers’ | euronews, world news
- 3Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 4Ukraine: Donetsk rebel weapons factory blows up | euronews, world news
- 5Vatican rocked by another paedophilia scandal | euronews, world news
- 6Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 7British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 8Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 9Sweden becomes first European nation to recognise Palestine | euronews, world news
- 10Thousands ‘evade’ Ebola lockdown in Sierra Leone | euronews, world news
- 11How nasheeds became the soundtrack of jihad | euronews, world news
- 12Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 13Iceland volcano ‘pollutes Paris’ | euronews, world news
- 14Learning through “serious games” | euronews, learning world
- 15euronews speaks to Ban Ki-moon ahead of key UN and climate change talks | euronews, the global conversation
- 16European Union News | euronews: latest breaking news and headlines about European Union
- 17Ebola: Six new suspected cases in Spain | euronews, world news
- 18International tv news | euronews: European and International tv news bulletin
- 19All you need to know about the Ebola virus | euronews, world news
- 20Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news