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.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Syrian refugee tripped by shamed camera woman is named
- 3Hungarian camera woman caught on video kicking and tripping migrants could face jail
- 4Hungarian reporter who tripped migrants apologises for her actions
- 5NASA discovers evidence of “liquid briny water” flowing on Mars
- 6Latest News Bulletin
- 7At least 220 dead in stampede outside Mecca, Saudi Arabia reports
- 8International breaking news | euronews online world breaking news in video
- 9Denmark: launches anti-migrant ad campaign
- 10Hungarian camerawoman fired after being filmed kicking migrants
- 11Why aren’t rich Gulf states welcoming Syrian refugees… or are they?
- 12Spain: Catalan President faces ‘civil disobedience’ charges over breakaway vote
- 13Banzai back in the vocabulary as Japan passes law allowing combat deployments
- 14Exclusive: shipwatchers chart Russian hardware heading into Med
- 15Why aren’t rich Gulf states welcoming Syrian refugees…or are they?
- 16International news | euronews, latest international news
- 17Which European countries offer the most social benefits to migrants?
- 18What the top tweets worldwide are saying about #refugees
- 19[Live] Catalonia: separatists heading for clear win in crucial elections
- 20EU split as UN approves raising of Palestinian flag