Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-101-000"

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"en.20121121.4.3-101-000"2
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"The battle over the figures on the EU’s long-term budget for 2014-2020 is heating up ahead of the Council summit of 22nd and 23rd of November, which is focused solely on the MFF. While the European Commission proposed a EUR 1.025 billion budget for the next seven-year period, the latest proposal from the Council, issued by Herman Van Rompuy, suggested cutting the Commission proposal by EUR 80 billion. The European Parliament has made its position clear on many occasions. We want a long-term budget that will allow growth, investment, flexibility and transparency, in order to allow the EU to tackle future challenges and unforeseen needs. A reduced budget will only put EU policies in jeopardy and damage the EU in the long run. On the eve of the Council meeting I wish to remind the Council that the Parliament’s approval is needed for any agreement on the MFF, and we will be ready to use our veto if our position is not taken into consideration. Lastly, I should like to underline to the Council that failing to compromise and reach an agreement on the MFF sends bad signals to foreign investors, to economic markets, and certainly to EU citizens whose socio-economic interests are at stake."@en1
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