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EUROPEAN UNION INSTITUTIONS have reached a deal on the 2014 Budget after tough overnight negotiations.
Under a compromise agreement, the budget will include €135.5 billion in payments and €142.6 billion in commitments.
The figure for payments represents a decrease of 9.4 per cent compared to 2013.
Lithuania, which currently holds the rotating EU presidency, chaired the conciliation talks between the three institutions: the the 28 member states, the European Parliament, and the executive European Commission.
Austerity-minded governments had been hoping to keep the 2014 figure under €135 billion, while the parliament wanted it to be €136.44.
“I believe that today’s agreement on the 2014 EU budget is a good start for the new programming period”, Lithuania’s Vice-Minister for Finance Algimantas Rimkunas said.
“I’m glad that we could reach an agreement with the European Parliament on the financing of priority areas such as growth, employment, innovation and humanitarian aid.”
The compromise, which comes a day ahead of a Wednesday deadline, paves the way for the European Parliament to adopt the EU’s long-term trillion-euro budget for 2014-2020.
A vote on the seven-year budget, known as the Multiannual Financial Framework, was postponed to 19 November because of the row. The 2014 Budget is the first to be held as part of the MFF.
Flooding
Negotiations surrounding a €400 million fund for flood and drought damage were one of the main stumbling blocks in the marathon talks. It was finally agreed that €250 million of the amount would be financed by redeployments in the 2013 Budget, with the remaining €150 million to be found in 2014 .
Germany will be the largest benefactor from the flood repairs fund, getting €360.5 million. Austria will receive €21.7 million, the Czech Republic €15.9 million, while Romania, which suffered a drought, will get €2.5 million.
Junior finance minister Brian Hayes represented Ireland at the Brussels talks.
(This article contains reporting from AFP)
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I still find this story quite upsetting.
Yes. I cry every time I think about John McAreavey. Such a lovely man. Such a lovely wife he had. Such a lovely family. Such a tragedy their time together was so short.
Hopefully the family will get justice. Heartbreaking incident.
And hopefully too the right people will be in the dock
No words can ever relate what sadness it is and no amount of jail time that her murderers will ever serve will ever bring back Michaela back to her Husband and Family May she rest in Peace and may her Husband and Family find some closure
Hi Ms. Wade,
The title of the article is misleading-perhaphs you might consider changing it? it reads ‘Michaela McAreavey accused to go on trial in Mauritius’. Perhaps something more suitable might read ‘Trial commences this week for the accused in the ‘Michaela McAreavey Trial’ in Mauritius, where two local men are charged with her murder’. Just a suggestion.
I also thought about not great grammar in the title, what a sad story anyways, beyond my comprehension…
I don’t trust the police and the local guy arrested didn’t seem fit enough to stand in court the first time. It looked like the confession was beaten out him. All very suspicious. Poor woman – and her family.
I reckon there is more to this than meets the eye…. Not entirely convinced the husband is totally innocent tbh. Sounds like a sex game gone wrong or something. No DNA ?? (awaits flames).
have your say