Lunedì, 22 Ottobre 2018

EU budget proposal caps expenditures at 960 billion euros


Brussels, February 8 - Following all-night
negotiations, a new draft for the the 2014-2020 budget was
presented on Friday by European Council President Herman Van
Rompuy that includes an overall expenditure ceiling of 960
billion euros, down from 1.03 trillion euros.
The new draft presented to leaders of the 27-country
European Union reflected cuts to the European Commission's
proposal originally put forth in November 2012.
The 34.4-billion-euro cut to be spread over seven years
would be the first time in history that the EU has reduced its
Italy's net balance improved by 500 million euros per year
and includes 1.5 billion euros for the less developed regions,
thanks to special funds allocated to the countries most affected
by the economic crisis.
But growth factors like infrastructure, innovation and
research were cut 13.84 billion euros in the draft, down to
125.69 billion euros compared to numbers proposed in November of
139.54 billion euros (164.31 billion in the Commission
Van Rompuy said that approximately six billion euros would
be allocated for a long-awaited initiative to combat youth
unemployment, accessible for countries where the rate exceeds
25%, including Italy.
Outgoing Premier Mario Monti said on Thursday that Italy
would go to the Brussels summit fighting for the promotion of
"growth and fairness".
Italy is against calls from Britain, Germany and other
northern European nations for cuts to the Commission's proposed
budget for the the 2014-2020 period.
The 27-state EU failed to reach an agreement on the budget
at a summit in November.

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