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
- 1Varoufakis’ new pan-Europe party aims to strengthen democracy
- 2Greece under renewed pressure to help fix migrant crisis
- 3Migrant crisis: Turkey-EU ‘lack of trust’ slows action
- 4Migrant crisis: Surprise Turkey-Germany proposal for NATO help hijacks meeting
- 5Bid to stop Zeebrugge becoming migrant magnet
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Madrid to appeal Catalan road to independence from Spain
- 4Hope vs harsh reality: challenges to global education goals in the 21st century
- 5Partnering to grow Europe
- 6Extras : euronews : the latest international news as video on demand
- 7Turkey: Explosion hits Istanbul’s main tourist district
- 8Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 9Jorge Lorenzo clinches his third MotoGP title in Valencia
- 10Macedonian Postcards: The Mavrovo National Park
- 11Moldova: protesters storm Parliament
- 12Paris: “I would rather see my brother in prison than in a cemetery”
- 13Special Reports : euronews : the latest international news as video on demand
- 14Benzema questioned in French sex tape case
- 15Merroussis clinches the 33rd Athens Authentic Marathon
- 16latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 17Norway sends Syrian refugees back to Russia
- 18Brussels remains on high alert: ‘multiple operations underway’ across Belgium
- 19Business news and finance news | euronews: international economic and finance news
- 20International breaking news | euronews online world breaking news in video
latest europe news
Migrant crisis: Surprise Turkey-Germany proposal for NATO help hijacks meeting
Greece under renewed pressure to help fix migrant crisis
Varoufakis’ new pan-Europe party aims to strengthen democracy
Migrant crisis: Turkey-EU ‘lack of trust’ slows action
EU piles pressure on Turkey to open border to Syrian refugees