David Cameron has claimed victory after succeeding in his push for the EU to spend less.
The British prime minister said that European taxpayers would not tolerate the bloc running up a bigger tab over the next seven years.
“I think that people do understand that hte major problem we have had is that the credit card limit for the European Union has been too high; it’s always been pushed up; there are lots of people who wanted to push it up and at last someone has come along and said this has got to stop and it’s time for that credit card limit to come down.”
The biggest loser is French president Francois Hollande, who had openly criticised Cameron’s call for deep spending cuts.
European Council President Herman Van Rompuy said a leaner budget made sense in this economic climate.
He urged MEPs to not to carry out their threat to block it.
“It is the moment of truth and a time for responsibility. The heads of state and government have lived up to their responsibilities, now it’s up to MEPs and the European Parliament to live their responsibilities,” Van Rompuy told euronews.
Senior aides to the former Belgian prime minister said they expect the parliament would probably vote on the budget in April.
Martin Schulz, the president or speaker of the European Parliament, has said that he won’t sign any “deficit budget”, comparing it to the fiscal cliff in the United States.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International tv news | euronews: European and International tv news bulletin
- 3Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 4Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 5Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 6European Union News | euronews: latest breaking news and headlines about European Union
- 7Sweden becomes first European nation to recognise Palestine | euronews, world news
- 8All you need to know about the Ebola virus | euronews, world news
- 9How nasheeds became the soundtrack of jihad | euronews, world news
- 10What to expect in “The World of Ice and Fire,” George R.R. Martin’s new book | euronews, world news
- 11Where is the best place in Europe for women? | euronews, world news
- 12Philippe Starck: ‘Words like longevity and legacy have become almost avant-garde’ | euronews, the global conversation
- 13Ebola: Six new suspected cases in Spain | euronews, world news
- 14Learning through “serious games” | euronews, learning world
- 15International breaking news | euronews online world breaking news in video
- 16US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 17Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 18International news | euronews, latest international news
- 19Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 20US delivers technical aid to Ukraine but warns over security | euronews, world news