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6 hours agoParliament, EC fail to reach EU budget agreement for 2020
Periskopi(7 years ago)
(7 years ago)Parliament and the European Council have not reached agreement on the EU budget for 2020. Negotiates have been given until midnight and Monday because of contradictions over expenses. Budget Commission Chairman Johann Van Overveldt claims that several billion euros will remain untapped. We need to reflect on how to use [...]
Parliament and the European Council have not reached agreement on the EU budget for 2020.
Negotiates have been given until midnight and Monday because of contradictions over expenses.
Budget Commission Chairman Johann Van Overveldt claims that several billion euros will remain untapped.
We need to reflect on how to make the best use of many of the challenges we want to address. We believe that after the weekend break we will find compromise,” he said.
It stuck around European member states and lawmakers in terms of funding.
The European Council provides up to 153 billion euros and wants part of the budget to cover costs for unforeseen circumstances, such as Britain's EU exit or financial aid that will be provided to Turkey for the refugee crisis.
For next year, EU parliamentarians seek an ambitious financial plan worth 159 billion euros for addressing climate change, new jobs or youth programmes.
The sides will try to find solutions by November 18th, or the European Commission will hand over a new draft board that will be reviewed again over the next two weeks.
