EU budget talks collapse over €30bn gap

Author (Person) ,
Series Title
Series Details 23.11.12
Publication Date 23/11/2012
Content Type

The European Council summit held in Brussels on the 22-23 November 2012 ended without agreement on the EU's next seven-year budget framework for the period 2014 to 2020.

A further summit meeting will have to be called to sort out the difficulties but it was unclear how differences will be resolved between Northern countries wanting reductions and others wanting increases.

The European Council website reported:

'Following constructive discussions on the EU's Multiannual Financial Framework (MFF) 2014-2020, the European Council on 23 November 2012 mandated President Herman Van Rompuy to pursue the consultations to find a consensus among all EU leaders.

The talks during the European Council meeting of 22 and 23 November "show a sufficient degree of potential convergence to make an agreement possible in the beginning of next year," said the summit statement.

"We will need some more time to finalise this solution," said President Van Rompuy. "This is the budget for the rest of the decade. And the next 7 years will be crucial, to put Europe back on the path of recovery and growth. So we must get it right."

He pointed to the complex nature of MFF negotiations and to the fact that the negotiations on the current MFF also required two rounds of talks at leaders' level in 2005.

Related Links
ESO: Background information: Website: Multiannual Financial Framework 2014-2020 http://www.europeansources.info/record/multiannual-financial-framework-2014-2020/
ESO: Background information: Merkel and Cameron Deadlocked ahead of Summit http://www.europeansources.info/record/merkel-and-cameron-deadlocked-ahead-of-summit/
BBC News, 23.11.12: EU budget summit ends without deal http://www.bbc.co.uk/news/world-europe-20465189
Deutsche Welle, 24.11.12: No compromise at EU special summit http://www.dw.de/no-compromise-at-eu-special-summit/a-16402628
El País, 23.11.12: No accord on EU budget but Rajoy happy with outcome http://elpais.com/elpais/2012/11/23/inenglish/1353698783_755781.html
EUObserver, 23.11.12: Leaders break off EU budget talks http://euobserver.com/economic/118308
EurActiv, 21-23.11.12: EU budget Summit: Full coverage http://www.euractiv.com/priorities/eu-budget-summit-live-news-516168
France24, 23.11.12: EU summit ends without budget deal http://www.france24.com/en/20121123-eu-budget-summit-ends-no-agreement-economy-uk-austerity
Spiegel Online International, 23.11.12: EU Budget Summit Heading toward Failure http://www.spiegel.de/international/europe/european-union-leaders-in-brussels-fail-to-reach-agreement-on-budget-a-868872.html
European Council: News, 23.11.12: EU seven-year budgetary framework: work will continue http://www.european-council.europa.eu/home-page/highlights/eu-seven-year-budgetary-framework-work-will-continue?lang=en
Council of the European Union: Policies: Multiannual Financial Framework http://www.consilium.europa.eu/en/policies/multiannual-financial-framework/
UK: 10 Downing St, 23.11.12: Prime Minsiter press conference at the end of European Council http://www.number10.gov.uk/news/checkeuropean-council-ends-without-a-deal/
European Commission: Speech/12/857: Statement of President Barroso following the Special meeting of the European Council on the Multiannual Financial Framework 2014-2020 http://europa.eu/rapid/press-release_SPEECH-12-857_en.htm
Blog: Charlemagne, 23.11.12: EU budget summit Part II. A useful failure? http://www.economist.com/blogs/charlemagne/2012/11/eu-budget-summit-part-ii
EurActiv, 27.11.12: Cameron to win Eurocrat pay cut as part of EU budget deal http://www.euractiv.com/priorities/eu-sources-cameron-get-eu-admini-news-516267
EUObserver, 28.11.12: MEPs told to prepare for budget cuts http://euobserver.com/news/118349
European Parliament: News, 27.11.12: MEPs criticise member states' excessive focus on cuts in budget talks http://www.europarl.europa.eu/news/en/headlines/content/20121122STO56228/
UK: 10 Downing St, 26.11.12: David Cameron's European Council statement http://www.number10.gov.uk/news/david-camerons-european-council-statement/

Subject Categories ,
Countries / Regions