European Union leaders drew hard lines Thursday ahead of a bracing fight over EU spending for the next seven years that reflects deep divisions over the role of their union.
On one side, newer — and generally poorer — members see Europe as a club that is only as strong as its weakest member. Led by Poland, they argue that Europe means nothing if the budget isn’t used to bridge the wealth gap and help restart growth.
On the other side, countries led by Britain are insisting that the EU has to make the same drastic cuts that member nations themselves are making in their national budgets as they weather the continent’s economic and debt crises. They want tens of billions of euros slashed off the €1.03 trillion ($1.35 trillion) originally asked for by the European Commission, the EU‘s executive arm.
Both sides are threatening to walk away from the table — again — if they don’t get what they want. The first summit to negotiate a budget collapsed in November.
“We have to make savings, but without weakening the economy,” said French President Francois Hollande on his way into the summit in Brussels. “If Europe wants an agreement at all costs and abandons its common policies, I do not agree.”
While France‘s economy is the EU‘s second largest, it supports poorer countries and is a strong advocate for wealth-sharing. France, too, receives a significant amount of money in agricultural subsidies.
Most of the EU leaders came in with a national agenda in mind, and Czech Prime Minister Petr Necas said the proposals he had seen so far were “unfair.” Since any deal needs unanimity, Necas threatened to use his veto.
Britain was also threatening to tank the talks.
“The European Union should not be immune from the sorts of pressures that we’ve had to reduce spending, find efficiencies and make sure that we spend money wisely, that we’re all having to do right across Europe,” said Prime Minister David Cameron, who said that the numbers put forward in November were much too high.
In a late effort at compromise at that meeting, European Council President Herman Van Rompuy proposed a budget of €972 billion ($1.25 trillion) — €21 billion less than the 2007-2013 …read more
Source: FULL ARTICLE at Fox World News