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.
- 1We will not be moved! Resistance to China’s urban spread [PHOTOS]
- 2British probe into child sex abuse reveals 1400 suspects
- 3Netanyahu supports call for a two-state solution with Palestinians
- 4ISIL controls more than half of Syria after seizing Palmyra
- 5EU refusal to accept migrant quotas ‘unacceptable’
- 1Snowden, Assange and Manning statues unveiled in Berlin | euronews, world news
- 2Chomsky says US is world’s biggest terrorist | euronews, the global conversation
- 3euronews live TV - News | euronews : the latest international news as video on demand
- 4Anti-ISIL demonstrations turn violent in Ethiopia | euronews, no comment
- 5Nepal: ‘equally big earthquakes coming in eastern regions,’ expert tells euronews | euronews, world news
- 6It’s a girl: Britain’s Duchess of Cambridge gives birth in London | euronews, world news
- 7How Nepal earthquake devastated Kathmandu’s UNESCO heritage | euronews, world news
- 8Chernobyl Children: what makes Ukrainians born in 1986 different? | euronews, world news
- 9International breaking news | euronews online world breaking news in video
- 10Exclusive: unrest in FYR Macedonia could hit other Balkan countries warns Serbian PM | euronews, world news
- 11International tv news | euronews: European and International tv news bulletin
- 12Andrea Ferrari: the graphene guru | euronews, science
- 13Portuguese language reform law goes global | euronews, world news
- 14Watch: France’s Jean-Marie Le Pen clashes with UKIP MEP Woolfe | euronews, world news
- 15How young translators are helping knit European culture together | euronews, generation y
- 16EU membership remains Serbia’s priority, says PM Aleksandar Vucic | euronews, the global conversation
- 17Spain: the viral soldiers fighting in Madrid and Barcelona mayoral races | euronews, world news
- 18eurovibes - a selection of Europe’s best music talent
- 19Portuguese researchers discover the secret of Mind Control | euronews, futuris
- 20Energy-generating clothes and smart lights join the Internet of Things | euronews, hi-tech