EU budget talks collapse over €30bn gap

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Series Details 23.11.12
Publication Date 23/11/2012
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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
ESO: Background information: Merkel and Cameron Deadlocked ahead of Summit
BBC News, 23.11.12: EU budget summit ends without deal
Deutsche Welle, 24.11.12: No compromise at EU special summit
El País, 23.11.12: No accord on EU budget but Rajoy happy with outcome
EUObserver, 23.11.12: Leaders break off EU budget talks
EurActiv, 21-23.11.12: EU budget Summit: Full coverage
France24, 23.11.12: EU summit ends without budget deal
Spiegel Online International, 23.11.12: EU Budget Summit Heading toward Failure
European Council: News, 23.11.12: EU seven-year budgetary framework: work will continue
Council of the European Union: Policies: Multiannual Financial Framework
UK: 10 Downing St, 23.11.12: Prime Minsiter press conference at the end of European Council
European Commission: Speech/12/857: Statement of President Barroso following the Special meeting of the European Council on the Multiannual Financial Framework 2014-2020
Blog: Charlemagne, 23.11.12: EU budget summit Part II. A useful failure?
EurActiv, 27.11.12: Cameron to win Eurocrat pay cut as part of EU budget deal
EUObserver, 28.11.12: MEPs told to prepare for budget cuts
European Parliament: News, 27.11.12: MEPs criticise member states' excessive focus on cuts in budget talks
UK: 10 Downing St, 26.11.12: David Cameron's European Council statement

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