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Schulz: 'Deficits are forbidden at the European level' (Photo: europarl.europa.eu)

Schulz issues ultimatum on EU budget

European Parliament chief Martin Schulz said Thursday (28 February) that MEPs will only open negotiations on the next long-term budget once member states agree how to fill the around €17 billion gap in this year's budget.

"Nothing can happen without [solving] the major problem of the European Union today. The budget of 2013 is in a deficit," he said during a press conference in Dublin.

He added that he had told the Irish EU presidency, heading up the budget negotiations, that they...

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Schulz: 'Deficits are forbidden at the European level' (Photo: europarl.europa.eu)

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