Article – EU budget: Parliament warns European Council agreement is only start of process

Parliament has reminded member states they still face negotiations over the EU’s long-term budget before approval by MEPs. The European Council agreed spending plans for 2014-2020 on 8 February, but Parliament’s four largest political groups have indicated that the deal as it is may not receive the necessary parliamentary majority. They feel it does too little to stimulate growth and job creation and are concerned it could lead to a structural deficit. “The real negotiations will start now.”

Source : © European Union, 2013 – EP

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