-:Undertaker:-
29-04-2012, 12:15 PM
http://uk.reuters.com/article/2012/04/25/uk-eu-budget-idUKBRE83O0Y520120425
EU tables proposals for 6.8% budget rise
http://i.telegraph.co.uk/multimedia/archive/01917/euroSUM_1917100c.jpg
More please: unelected EU Heads Herman Van Rompuy and Jose Barroso
(Reuters) - European governments reacted angrily on Wednesday to EU proposals for a 6.8 percent budget rise in 2013 despite calls for fiscal discipline across the bloc.
The European Commission said the increase in spending next year to 138 billion euros (112 billion pounds) was needed to meet legal funding commitments approved by member states in previous years. But some of the biggest contributors to the EU's budget accused the Commission of failing to heed its own advice to national governments on the need for fiscal restraint. "It is impossible, unjustifiable and unacceptable that the European Union asks each of its members to make efforts to reduce their deficits and spending, and at the same time it proposes a 7 percent increase in its own budget," French government spokeswoman Valerie Pecresse told reporters.
The Dutch government collapsed this week after it failed to agree budget cuts to bring its deficit within EU limits, and the country's finance minister said he could not accept the proposed 9-billion-euro EU increase. "That is too high a rate, which is inconceivable," Jan Kees de Jager said. Germany's Finance Ministry said in a statement the proposed rise was inappropriate "given the extraordinary challenges of the sovereign debt crisis". At the end of 2010, France, Britain, Germany and the Netherlands called for a real-terms freeze in all future EU spending and last year led efforts to cut the Commission's proposed 5 percent budget increase for 2012 to 2 percent, in line with inflation.
COMMISSION DEFENDS PLANS
Britain and Germany said they would work with other net contributors to the EU budget to cut the proposed 2013 figure. "It's important to get an alliance of member states together to make sure that the Commission and the (European) Parliament see sense," British junior finance minister Mark Hoban told reporters in Brussels. "There will be a lot of frustration across Europe that we're seeing those tough decisions being made in domestic economies, but the Commission has proposed a 6.8 percent increase."
Commission President Jose Manuel Barroso said the proposal was responsible and sought to balance the need for fiscal consolidation with targeted investments to spur job creation and economic growth.
They act angry but nothing ever happens, as the EU budget is designed to grow forever more and eventually take up most of the national budgets as is its law, regulation and everything else that comes with it. The good news however from this is that as governments across Europe collapse (recently the Dutch and Romanian governments) and the Euro collapses - the EU looks more and more out of touch than ever. Indeed, they are so deluded that when the Euro does go (which it will) it will bring down the entire rotten project with it for without one currency you cannot have one state.
Cameron, Miliband and Clegg will make a lot of noise - but rest assured, they will cave in.
Thoughts?
EU tables proposals for 6.8% budget rise
http://i.telegraph.co.uk/multimedia/archive/01917/euroSUM_1917100c.jpg
More please: unelected EU Heads Herman Van Rompuy and Jose Barroso
(Reuters) - European governments reacted angrily on Wednesday to EU proposals for a 6.8 percent budget rise in 2013 despite calls for fiscal discipline across the bloc.
The European Commission said the increase in spending next year to 138 billion euros (112 billion pounds) was needed to meet legal funding commitments approved by member states in previous years. But some of the biggest contributors to the EU's budget accused the Commission of failing to heed its own advice to national governments on the need for fiscal restraint. "It is impossible, unjustifiable and unacceptable that the European Union asks each of its members to make efforts to reduce their deficits and spending, and at the same time it proposes a 7 percent increase in its own budget," French government spokeswoman Valerie Pecresse told reporters.
The Dutch government collapsed this week after it failed to agree budget cuts to bring its deficit within EU limits, and the country's finance minister said he could not accept the proposed 9-billion-euro EU increase. "That is too high a rate, which is inconceivable," Jan Kees de Jager said. Germany's Finance Ministry said in a statement the proposed rise was inappropriate "given the extraordinary challenges of the sovereign debt crisis". At the end of 2010, France, Britain, Germany and the Netherlands called for a real-terms freeze in all future EU spending and last year led efforts to cut the Commission's proposed 5 percent budget increase for 2012 to 2 percent, in line with inflation.
COMMISSION DEFENDS PLANS
Britain and Germany said they would work with other net contributors to the EU budget to cut the proposed 2013 figure. "It's important to get an alliance of member states together to make sure that the Commission and the (European) Parliament see sense," British junior finance minister Mark Hoban told reporters in Brussels. "There will be a lot of frustration across Europe that we're seeing those tough decisions being made in domestic economies, but the Commission has proposed a 6.8 percent increase."
Commission President Jose Manuel Barroso said the proposal was responsible and sought to balance the need for fiscal consolidation with targeted investments to spur job creation and economic growth.
They act angry but nothing ever happens, as the EU budget is designed to grow forever more and eventually take up most of the national budgets as is its law, regulation and everything else that comes with it. The good news however from this is that as governments across Europe collapse (recently the Dutch and Romanian governments) and the Euro collapses - the EU looks more and more out of touch than ever. Indeed, they are so deluded that when the Euro does go (which it will) it will bring down the entire rotten project with it for without one currency you cannot have one state.
Cameron, Miliband and Clegg will make a lot of noise - but rest assured, they will cave in.
Thoughts?