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.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International breaking news | euronews online world breaking news in video
- 3Caught red-handed: the Russian Major fighting in Ukraine
- 4Video footage shows massive explosion in Tianjin, China
- 5Momentum for Mars: Astronauts say mission is inevitable
- 6Ukraine puts top Russian general Gerasimov on ‘most wanted’ list
- 7Latest News Bulletin
- 8Snowden, Assange and Manning statues unveiled in Berlin
- 9Who came out top in the US Republican television debate?
- 10Why World Elephant Day matters
- 11UK: at least 7 dead after plane crashes into road in Brighton
- 12Virginia:TV journalist and cameraman shot dead live on air
- 13ISIL militant group claims to have killed Croatian hostage in Egypt
- 14Earth Overshoot Day…Pushing Mother Nature too far
- 15Windows 10, three weeks on: the good, the bad and the ugly
- 16International news | euronews, latest international news
- 17Bringing the trolls out of the dark: Russian ‘troll’ awarded 1 rouble damages
- 18As ‘Daily Show’ Jon Stewart’s tenure ends, scholars say goodbye to their research topic
- 19European Union News | euronews: latest breaking news and headlines about European Union
- 20Scientists find sinkhole cave under Mexico’s Kukulkan Castle Pyramid