Barroso tables €1 trillion budget for EU until 2020

The European Commission presented on the 29 June 2011 its long-awaited proposals for the EU's next seven-year budget (2014-2020). In a bid to reduce national contributions, the Commission suggested levying new taxes directly, a proposal that was strongly rejected by the UK, which labelled it 'unrealistic'.

The proposals also contained a bid to move some €58bn in European spending off the budget, holding down the headline number by moving funding for certain programmes outside the official €972bn figure.

ESO: Background information: Multiannual Financial Framework 2014-2020 http://www.europeansources.info/record/multiannual-financial-framework-2014-2020/

ESO: Background information: Brussels eyes Tobin tax to aid EU coffers http://www.europeansources.info/record/brussels-eyes-tobin-tax-to-aid-eu-coffers/

European Commission: RAPID: Press Release: IP/11/799: Investing today for growth tomorrow http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/799&format=DOC&aged=0&language=EN&guiLanguage=en

Bruegel: The EU Budget's outsize political role, June 2011 http://www.bruegel.org/publications/publication-detail/publication/570-the-eu-budgets-outsize-political-role/

European Commission: RAPID: SPEECH/11/487: José Manuel Durão Barroso President of the European Commission Remarks by President Barroso on the Commission's proposals for the 2014-2020 Multi-Annual Financial Framework Press Conference Brussels, 29 June 2011 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/11/487&format=PDF&aged=0&language=EN&guiLanguage=en

BBC News, 30.6.11: European Commission proposes EU budget rise of 5% http://www.bbc.co.uk/news/world-europe-13970135

EUObserver, 30.6.11: Brussels seeks financial tax in new EU budget http://euobserver.com/9/32569

European Commission: RAPID: MEMO/11/459: Myths about the EU budget and the Multiannual Financial Framework http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/459&format=PDF&aged=0&language=EN&guiLanguage=en

European Commission: DG Budget: Multiannual Financial Framework http://ec.europa.eu/budget/mff/index_en.cfm

European Commission: RAPID: MEMO/11/468: Multiannual Financial Framework (MFF): Questions and answers http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/468&format=DOC&aged=0&language=EN&guiLanguage=en

European Parliament: Press Release, 29.6.11: EP Reactions to Commission proposals on future budgets and new resources http://www.europarl.europa.eu/en/pressroom/content/20110629IPR22970/html/EP-Reactions-to-Commission-proposals-on-future-budgets-and-new-resources

European Economic and Social Committee: Press Release: CES/11/75: The EESC president's statement on the EU budget review: deciding on the eu future budget means putting solidarity into practice http://europa.eu/rapid/pressReleasesAction.do?reference=CES/11/75&format=PDF&aged=0&language=EN&guiLanguage=en

EurActiv, 4.7.11: Lewandowski scolds 'arrogant' countries on EU budget http://www.euractiv.com/priorities/lewandowski-countries-dimensional-arrogant-approach-eu-budget-news-506112

The Economist, 2.7.11: Charlemagne: The seven-yearly war http://www.economist.com/node/18898296

EurActiv, 6.7.11: France wins first round of CAP budget battle http://www.euractiv.com/specialreport-budget/cap-budget-news-506285

PressEurop, 30.6.11: Tug of war between EU27 and Commission http://www.presseurop.eu/en/content/news-brief/750021-tug-war-between-eu27-and-commission

EurActiv, 1.7.11: Parliament pushes for convention on EU budget http://www.euractiv.com/euro-finance/parliament-pushes-convention-eu-budget-news-506118

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