European Union leaders are poised to reach an agreement on spending plans for the next seven years.
It is reported that the figure for the bloc’s budget will be set at 960 billion euros.
If the deal is agreed it will be seen by some as a victory for British Prime Minister David Cameron who had called for cuts. It is the first time in the EU’s history the budget will have been slashed and comes after a series of meetings and gruelling talks between the leaders.
“The past weeks have been productive and I am confident that around this table we can now settle on a final compromise. We simply have to,” said Herman Van Rompuy, European Council President.
It’s believed German Chancellor Angela Merkel backed David Cameron. A reduction in the EU’s administrative budget is understood to be on the table.
But any deal could still be blocked by MEPs. The speaker of the European Parliament, Martin Schulz has threatened to veto any cuts in the size of the budget.
Copyright © 2014 euronewsMore about:
- 1Ukrainian prime minister’s triumphant speech after resignation rejected
- 2International investigators reach MH17 crash site in Ukraine
- 3Edward Snowden: after one year in Russia, what now for the NSA whistleblower?
- 4Deadly attack on Ukraine troops near Malaysia Airlines crash site
- 5Mystery in the heart of Paris as cocaine stash goes missing from police HQ
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 2Caught on camera – children drugged and beaten in Romanian kindergarten
- 3Ukraine: ‘Disappointment’ at Yatsenyuk resignation
- 4Fears over spread of Ebola as more tragedies emerge
- 5EU targets top Russian officials in new sanctions
Wires > News
- 07:33 CET Factory blast in east China kills at least 65 – state TV
- 05:12 CET Bible left in North Korean sailor’s club triggered U.S. tourist’s…
- 04:50 CET Australia sends 157 asylum seekers to Nauru detention centre
- 01:02 CET NATO must change to better repel Russian threat – Cameron
- 22:40 CET African leaders agree steps to fight runaway Ebola outbreak
- 22:36 CET Obama says that after 9/11, ‘we tortured some folks’
- 21:35 CET North Korea accuses U.N. Security Council of double standards
- 20:24 CET Ten killed in clashes between Azeris, ethnic Armenians