Crisis sharpens divisions over EU budget

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Series Details 31.8.12
Publication Date 31/08/2012
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Even in the best of times, giving birth to the EU’s seven-year budget plan is an excruciating process. But against the backdrop of a historic economic crisis that is threatening to tear the 27-member bloc asunder, that labour is proving more difficult than ever in 2012 to agree the Multiannual Financial Framework for 2014 - 2020.

Features report on an informal meeting of European Affairs ministers and EU lawmakers in Nicosia on the 30 August 2012 to discuss the current state of negotiations. It emerged that an extraordinary European Council would be held in November 2012 to try and secure agreement on the MFF.

Further features discuss subsequent developments in September 2012.

Related Links
ESO: Background information: Website: Multiannual Financial Framework 2014-2020
Blog: CAP, 31.8.12: Cyprus Presidency proposes CAP budget cut in next MFF
Cyprus: EU Presidency: Presidency Issues Paper: Multiannual Financial Framework 2014-2020. Informal Meeting of Ministers and Secretaries of State for European Affairs Nicosia, 30 August 2012
EurActiv, 31.8.12: Special November summit to focus on long-term EU budget
Deutsche Welle, 3.9.12: EU confirms extraordinary summit on bloc's budget,,16216662,00.html
EurActiv, 21.9.12: Eurozone debates special budget to counter 'asymmetric shocks'
EUObserver, 20.09.12: EU budget hurdles mount
EurActiv, 20.9.12: Ministers given three minutes to square the circle on EU budget
Council of the European Union: Cyprus EU Presidency: Multiannual Financial Framework (2014-2020) - Negotiating box, September 2012
BBC News, 24.9.12: EU struggles to reach budget agreement
EUObserver, 25.9.12: Member states continue budget bickering
Cyprus: EU Presidency: Press Release, 24.9.12: Preparing the ground for a consensual agreement for the MFF at the November European Council
EurActiv, 26.9.12: Where does France stand on the next EU budget?

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