Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

EU member states, EP trade accusations over collapse of budget talks  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 14/11/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093579205%26title%3dEU-member-states-EP-trade-accusations-over-collapse-of-budget-talks Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093579205%26title%3dEU-member-states-EP-trade-accusations-over-collapse-of-budget-talks Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) The European Parliament and the EU Council, which represents the 27 EU governments, Tuesday accused each other of responsibility for the collapse of the 2013 budget talks that were to take place tonight.

Andreas Mavroyiannis, Deputy Prime Minister for European Affairs of Cyprus which holds the current EU Presidency told a press conference that the "Council had to take note of the impossibility to reach an agreement with the European Parliament for 2013 budget".

He said the budget talks were "held" hostage and accused the Parliament of "lack of flexibility".

"We are disappointed," he added.

Earlier, European Parliament President Martin Schulz said the parliament negotiators will not attend the meeting with Council on the budget 2013 talks Tuesday night, because there is no agreement among the EU member states about a supplementary budget for the current year.

Alain Lamassoure, who heads the European Parliament's budget committee, in a separate statement said the Parliament is ready to negotiate the budget that Europe needs for 2013 but we want to deal first with the backlog of 2012.

"Because the 2012 budget was too low, we still need now nine billion Euros to pay the bills," he noted.

Since October, important European programmes such as the education exchange programme Erasmus do not have any money and that a certain number of countries which need Europe's help, such as Greece, Spain, Italy, Portugal or Ireland will not have enough credit for the end of 2012.

Hannes Swoboda, President of the Socialist Group in the EP, condemned the Council for the failure of the talks.

"The collapse of the negotiations on the EU budget due to the intransigence of the Council sends a very negative signal. If they can't agree to pay the bills, what can they agree to? Their behaviour puts the credibility of the EU at stake, not only at home but on the world stage," he said.

The Alliance of Liberals and Democrats for Europe said it was appalled by the behaviour of the Council.

"There is something very irrational in the Council's refusal to honor payments in 2012, and to obstinately stick to the same approach on the 2013 budget," said the Liberals group.

The EU member states are pushing for a budget of 132.7 billion euros or an increase of 2.8 percent because of the austerity programmes they have to implement in their home countries.

However, the EU Parliament wants a budget of 137.9 billion euros or a rise of 6.8 percent.

If there is no agreement between the two sides within 21 days, the European Commission will present a new draft budget. This would need to be approved by the Parliament and Council before the end of this year.

 






  MENA News Headlines
May 21 2013Air Arabia secures USD350m financing to buy 10 Airbus A320 planes ,MENAFN
(MENAFN) Sharjah-based Air Arabia stated that it has inked a USD350 million financing deal with two GCC banks to fund the purchase of new planes, reported Arabian Business. The low-cost airline ...

May 21 2013Qatar's Msheireb Properties grants Downtown Doha Phase 3 contract ,MENAFN
(MENAFN) Msheireb Properties CEO, Abdulla Hassan Al-Mehshadi, announced that the company has granted a construction contract worth USD690 million for Phase 3 of its Msheireb Downtown Doha project, ...

May 21 2013First Staybridge Suites in Jeddah by IHG ,MENAFN
(MENAFN) InterContinental Hotels Group (IHG) has agreed with Dyafah Al Mutahida to launch Staybridge Suites in Jeddah, reported Arabian Business. The project will be the first of its kind to open ...

May 21 2013Trade between Saudi, Malaysia at USD3.99b ,MENAFN
(MENAFN) The Consulate General of Malaysia Commercial section in alliance with Council of Saudi Chambers (CSC) and Jeddah Chamber of Commerce (JCCI) businessmen and their Malaysian counterparts in ...

May 21 2013Damac invests USD100m in Baghdad's Princess Tower ,MENAFN
(MENAFN) After years of announcing its intentions to expand into Iraq, Damac Properties has already started constructing the company's first residential complex in the country, reported Arabian ...

May 21 2013Chinese PM vows to open up markets to India ,AFP
(MENAFN - AFP) Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries. "As for Indian ...

May 21 2013Carlos Slim company to buy US mobile phone firm ,AFP
(MENAFN - AFP) Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group. The ...

May 21 2013Tumblr deal sparks talk on next big tech target ,AFP
(MENAFN - AFP) The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star. Yahoo!'s ...

May 21 2013United's Boeing 787s back in skies ,AFP
(MENAFN - AFP) United Airlines resumed Boeing 787 Dreamliner flights Monday after the advanced plane was globally grounded four months ago due to overheated battery incidents. United, the only US ...

May 21 2013Aging Yahoo! faces new Tumblr generation ,AFP
(MENAFN - AFP) Yahoo! is just under two decades old and already showing signs of age. Tumblr, the cool blogging platform, represents a new generation. This split marks both a challenge and an ...

more...


 
MENAFN






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help