"We have an agreement on the financial perspectives", UK prime minister Tony Blair announced at 03:00 in Brussels on Saturday (17 December) after two days of nervous negotiations.
The deal averts the threat of deep political rifts within the EU as well as delays over further enlargement, with Macedonia on Saturday gaining EU candidate status.
Under the compromise, EU spending in 2007-2013 will not rise above 1.045 percent (€862.4 billion) of the union's gross income; the UK will g...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.