Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Earth Science News .




POLITICAL ECONOMY
Discord rules EU talks on 2013 budget
by Staff Writers
Brussels (UPI) Nov 9, 2012


disclaimer: image is for illustration purposes only

Discord marked the latest European talks in Brussels on apportioning cash for future bailouts of financially distressed EU members and other budgetary needs of the troubled union.

Eight hours of acrimonious discussion ended late Friday with European Parliament members ruling out further talks without a thorough review of the proposals that held up a compromise during the day.

The latest negotiations saw Britain disagreeing once again with other members, to the annoyance of mainland Europeans who increasingly see London as an unwelcome commentator and participant on key issues they want solved their own way.

Britain isn't a member of the 17-nation eurozone but is alert to any decisions that it fears may drag the country into costly EU-wide financial commitments.

Already London is upset over EU plans to extract additional revenue for financial transactions and other provisions that the city financial district in the British capital thrives on.

EU analysts said discord would likely prevail over the European Commission's plans to insist on a $12 billion budget increase that several key members, including Germany, the Netherlands and the United Kingdom oppose.

Critics of the EU plans called it an outrage and questioned the European Commission's branding of the extra cash as "emergency funding."

If the funding increase goes through as demanded by supporters of a larger budget, Britain, which is outside the 17-nation eurozone and other member stations both in and outside eurozone will have to pour billions of dollars into European coffers to support the additional spending. British Prime Minister David Cameron called the cash demand "ludicrous."

Support for the extra funds has come mainly from eastern European members who want the European Union to do more to help regenerate their economies.

Five countries this year, France, Germany, Italy, Spain and the United Kingdom are contributing nearly half of the EU budget, causing mounting political problems for the incumbent politicians.

German Chancellor Angela Merkel visited Cameron in London this week ahead of the talks on resolving the budget dispute.

During the discussions Friday British Treasury official Greg Clark denounced the EU commission for asking for an extra 9.65 percent in funding for this year almost 11 months into 2012.

"Europe must practice the fiscal discipline that it demands of member states," Clark said.

"Ordinary working people, whether in the U.K. or elsewhere, cannot be asked to pay more to Europe when they are enduring cuts at home.

"We have made it clear that we want to see the annual budget cut in real terms and certainly not increased. That remains our view for 2012 and 2013," he said.

French lawmaker Alain Lamassoure, who heads the European Parliament's budget committee, said the European Commission "will now have to present a new proposal to enable talks to resume."

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





POLITICAL ECONOMY
China inflation slows to nearly three-year low
Beijing (AFP) Nov 9, 2012
China's inflation rate slipped to a nearly three-year low in October, data showed Friday, leaving the authorities with room to take more steps to boost the recovery in the world's second-largest economy. The country's consumer price index rose 1.7 percent year-on-year last month, the National Bureau of Statistics announced, compared with an increase of 1.9 percent in September. The figur ... read more


POLITICAL ECONOMY
Doctors without Border on first US mission

60 migrants feared drowned off Bangladesh

Uranium-polluted water escapes from Finnish mine

Sympathy for Sandy among Pakistan's forgotten flood victims

POLITICAL ECONOMY
HTC and Apple reach global settlement

Nanocrystals and nickel catalyst substantially improve light-based hydrogen production

Apple still perched high, but seems vulnerable

Radar Production Readiness Review For Indonesia National Air Space Surveillance Program Completed

POLITICAL ECONOMY
Superbug MRSA Identified in U.S. Wastewater Treatment Plants

Coral files reveal time of first Polynesian settlements

Bluefin tuna quotas up for renewal

Geologist calls for advances in restoration sedimentology

POLITICAL ECONOMY
Carbon dioxide - our salvation from a future ice age?

No accord yet on Antarctic protected zone

UMass Amherst climate modeler identifies trigger for Earth's last big freeze

Russia backs its claims for Arctic Shelf with evidence

POLITICAL ECONOMY
Arabica coffee could be extinct in the wild within 70 years

Carbon buried in the soil rises again

Scientists Identify Insect-repelling Compounds in Jatropha

Brazil's top farmers group to open office in China

POLITICAL ECONOMY
Floods claim as many as 16 lives in Haitian city: officials

Guatemala quake toll lowered to 42

$38 mn needed to help victims of Nigeria floods: UN

Two dead after strong Myanmar quake

POLITICAL ECONOMY
China gives $12 million towards AU peace, security efforts

W.African leaders meet on military plan for north Mali

W.African leaders prepare for Mali military intervention

Sudan rebels 'shoot down' air force bomber

POLITICAL ECONOMY
Weizmann Institute scientists observe as humans learn to sense like a rat, with "whiskers"

Healthy Living Adds 14 Years to Your Life

Bigger human genome pool uncovers more rare variants

Village in Bulgaria said Europe's oldest




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement