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.
- 1Dozens are killed and wounded in multiple suicide bomb attacks on Istanbul’s Ataturk airport
- 2Italian actor Bud Spencer dies at 86
- 3Suspected ISIL bombers kill 36 and wound dozens at Istanbul airport
- 4Terror in Turkey: attack at Ataturk airport leaves 41 dead and scores injured
- 5Feisty Farage tells MEPs ‘You’re not laughing now’
Latest world news
Critics round on Boris Johnson after Gove wields Brexit knife
Italy elected to UN Security Council in 2017 after Dutch deal
Slovakia attacks EU post-Brexit direction on eve of taking over presidency
Istanbul attack: suspects thought to hail from former USSR
U.S. military repeals ban on transgender service members
Wires > News
- 02:16 CET Hopes for democracy crushed in the Chinese rebel village of Wukan
- 01:56 CET U.S. urges leaders of Armenia, Azerbaijan to avoid tensions
- 01:51 CET Woman dies, children hurt in Bahrain bomb blast – police
- 01:44 CET Trump floats idea of using NATO in fight against Islamic State
- 01:32 CET Document spells out FBI rules to get journalists’ phone records -…
- 01:15 CET Lower voting age leaves many wondering ‘Where’s Japan’s Bernie?‘
- 00:53 CET Obama administration calls on private sector to assist refugees
- 23:10 CET U.S., Russia discuss Syria cooperation if Assad halts some strikes