An ‘austerity-driven’ EU budget will get the thumbs down from the European Parliament, MEPs told euronews on Wednesday.
Several members expressed concern that deep cuts to EU funding will put several public works projects at risk.
Parliament president Martin Schulz said: “My colleagues and I are not ready to accept that member states make the same mistakes on the European level that they have at home – that they agree a ‘deficit’ budget that will be overstretched.
I’m saying quite clearly that I won’t sign any such agreement.”
The budget can by blocked by MEPs who will vote on it once EU leaders reach a deal. But some aren’t worried if there is no agreement by Friday.
Alain Lamassoure, the centre-right French MEP and the chairman of the EP budget committee, said “we can wait a few months. If there’s no deal at all it is not a problem because we have a procedure which allows for annual budgets, 2014, 2015 etc. The framework for the last seven period will be maintained, adjusted for inflation.”
British Prime Minister David Cameron, supported by Germany and the Netherlands, is pushing for deeper cuts.
He says the EU spends too much on agriculture and administration costs.
Multiannual Financial Framework 07-13 / 14-20
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
- 3Japan sounds bluefin warning, calls for 50% catch cut | euronews, world news
- 4Israel announces it will seize 400 acres in West Bank | euronews, world news
- 5Hoverbike on the horizon | euronews, hi-tech
- 6China executes eight Muslims convicted of terrorism | euronews, world news
- 7Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 8Everything you need to know about the Ebola virus | euronews, world news
- 9Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 10Massive Swedish forest fire is declared a national emergency | euronews, world news
- 11EU leaders name Donald Tusk European Council president | euronews, world news
- 12Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 13Risk of fresh ash cloud threatens European air travel | euronews, world news
- 14Canada sends hilarious barb to Russia over Ukraine ‘incursions’ | euronews, world news
- 15Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 16Beyond the subconscious | euronews, futuris
- 17Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 18Poland wants compensation from the EU for Russian import ban | euronews, world news
- 19EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 20Greek farmers suffer in economic war between Russia and EU | euronews, economy