Now Reading:

Time for tough talk as EU summit to hash out budget deal begins

world news

Time for tough talk as EU summit to hash out budget deal begins


It was all smiles as German Chancellor Angela Merkel watched a football friendly between her country and France with French President Francois Hollande – but will the mood be carried into Thursday’s EU summit?

The issue of cuts to the EU budget is dividing the two – with Hollande vowing to protect European spending and Merkel pushing for a bigger reduction.

At the previous summit in November, President of the European Council Herman Van Rompuy suggested a budget of 973 billion euros, 25 billion less than the figure originally put forward – but there is a push for even more cuts from Germany, the Netherlands and the UK.

EU Parliament President Martin Schulz is against those who want more reductions.

“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’ll be overstretched. I’m saying quite clearly that I won’t sign any such agreement,” Schulz told euronews.

Leading the charge for a smaller budget is British Prime Minister David Cameron.

It is believed he will push for the budget to be well below 960 billion – the very figure which could be floated as the next compromise at the Brussels summit.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article