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 © 2015 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2The power of the pen: Cartoonists worldwide react to the Charlie Hebdo attack | euronews, world news
- 3Immigration, racism in sport and the rise of extremism – Cantona shares his views | euronews, interview
- 4[LIVE] 12 dead after gun attack at French satirical weekly Charlie Hebdo | euronews, world news
- 5[LIVE NOW] Massive unity rally in Paris, with similar marches in other French cities | euronews, world news
- 6Muslim groups fear backlash after terrorist attacks in Paris | euronews, news
- 7[LIVE] Confusion over reports two killed in Paris shootout, as police close in on Charlie Hebdo suspects | euronews, world news
- 8“ISIL is the baby of George W Bush” | euronews, news
- 9Medieval Bruges is to get its own underground beer pipeline | euronews, world news
- 10Almost four million turn out for unity rallies across France | euronews, world news
- 11International breaking news | euronews online world breaking news in video
- 12NewsWires : euronews : the latest international news as video on demand
- 13A defiant Charlie Hebdo: it’s not the front page the terrorists would’ve wanted | euronews, world news
- 14Key questions around the Charlie Hebdo killings go unanswered | euronews, world news
- 15France: Angouleme council takes down anti-homeless cages around benches after outcry | euronews, world news
- 16HarperCollins wipes Israel off the map | euronews, world news
- 17euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 18eurovibes - a selection of Europe’s best music talent
- 19Grim task of retrieving bodies after wreckage of missing AirAsia plane found | euronews, world news
- 20Charlie Hebdo: Israeli paper deletes women from Paris march | euronews, world news