French President François Hollande fired a warning shot to the EU’s fiscal hawks on Tuesday.
He told MEPs in Strasbourg that France would stand up for their demands to protect European spending.
Hollande launched a thinly-veiled attack on British calls to cut the amount the bloc spends over the next seven years, while at the same time defending its EU rebate.
“A compromise is possible, but it must be reasonable and therefore we will have to reason those who want to cut the EU budget beyond what is possible to accept,” he said.
But British Conservative MEP Martin Callanan suggested Hollande should get France’s fiscal house before laying out his grand vision for the European Union.
“The Socialist prescription of Mr Hollande harmonize everything will be crazy for Europe’s competitivness, already France is losing competitivness massively and now he wants to export France’s problems to the rest of Europe,” he said.
Former Belgian prime minister Guy Verhofstadt said the French president should try and convince his fellow leaders to steer away from a ‘race to the bottom.’
“I think Hollande should try to convince his colleagues at the European Council to approve a budget for the future of the EU and to avoid bargaining down,” he said.
The EU budget amounts to nearly one trillion euros.
Negotiations between EU leaders start on Thursday and are expected to go late into Friday night.
Copyright © 2014 euronewsMore about:
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3China executes eight Muslims convicted of terrorism | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Everything you need to know about the Ebola virus | euronews, world news
- 6Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 7Massive Swedish forest fire is declared a national emergency | euronews, world news
- 8Hoverbike on the horizon | euronews, hi-tech
- 9Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 10Risk of fresh ash cloud threatens European air travel | euronews, world news
- 11Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 12Beyond the subconscious | euronews, futuris
- 13Romania buys into bitcoin big time | euronews, corporate
- 14Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 15Poland wants compensation from the EU for Russian import ban | euronews, world news
- 16EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 17Greek farmers suffer in economic war between Russia and EU | euronews, economy
- 18Turkey’s women have the last laugh | euronews, world news
- 19Hamas executes 18 suspected collaborators | euronews, world news
- 20Turkish ferry makes high-speed final landing | euronews, no comment