mardi 27 novembre 2012

EU Budget talks collapsed

Well, I can't read all of it at the same time...
But here you go, a coalition formed of Germany, The Nederlands, Finland, Sweden, United Kingdom and Denmark agreed to a push against unsustainable and unfunded spending that lead to the failure of the summit on the 2014 - 2020 EU Budget.
Among the saving proposals still on the table to reach a deal are :
  1. "A 10% cut in the overall pay bill would save almost €3 billion.
  2. Relaxing the rules on automatic promotion would save €1.5 billion. 
  3. Reducing the extraordinary generosity of the special tax rules for Brussels staff  the levy  that could save around another €1 billion. 
  4. Changes to pension rights could save another €1.5 billion. 
All of these are perfectly reasonable proposals. That is why a deal is still doable - and we will push hard for these reductions when negotiations resume next year. There is plenty of scope for very significant savings in the Common Agricultural Policy and the Structural and Cohesion Funds. But there are savings to be had in the rest of the budget too. For example, freezing the ceilings for security, justice and external spending would allow €7.5 billion of additional savings."
Talks are to resume early 2013.

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