20 minutes agoEuropean Union Still Far From Reaching Budget Agreement
Periskopi(6 years ago)
(6 years ago)The leaders of the European Union failed to reach an agreement on the common budget, due to differences in size between rich and poor countries, as well as on orientation of expenditures. Some countries require additional financing to combat climate change and address migration, while others require continued funds towards development and [...]
The leaders of the European Union failed to reach an agreement on the common budget, due to differences in size between rich and poor countries, as well as on orientation of expenditures.
Some countries require additional financing to combat climate change and address migration, while others require continued funds towards development and agriculture.
The debate also focused on filling the <x0-gropa <x1 billion-euro fiscal framework left by the union of Great Britain.
The basic proposal to place a ceiling on the budget for the period 2021-2027 to 1,074 per cent of the European Union's gross national income, or 109 trillion euros, faced criticism from all sides.
The so - called four savings, Austria, Holland, Denmark, and Sweden, require a budget ceiling of 1 percent of Bruto's domestic production and refuse to pay more to compensate for Great Britain's exit from the bloc.
The least developed counterparts are the main beneficiaries of EU funds and require continued heavy aid. On the other hand, the poorest members seek continued developmental assistance and are supported by France, Ireland and other countries seeking the support of major agricultural subsidies.
Germany, the Netherlands and other countries aim to channel funds to new priorities, including climate change, migration and the digital economy.
