Ad
Summit room - EU budget hawks have threatened vetoes in November (Photo: Valentina Pop)

New EU budget proposal cuts across red lines

The Cypriot presidency has proposed cutting €50 billion off EU spending plans for 2014 to 2020 - a number that could trigger national vetoes and strikes by EU staff.

The Cypriot paper, circulated late on Monday (29 October), said spending should be "at least" €50 billion less than the European Commission's figure of €1,033 billion over the next seven years.

It added: "According to the assessment...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Summit room - EU budget hawks have threatened vetoes in November (Photo: Valentina Pop)

Tags

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Ad

Related articles

Ad
Ad