UK's Cameron: EU budget needs more cuts

LONDON Wed Nov 21, 2012 7:34am EST

Britain's Prime Minister David Cameron answers questions at the Nacco Materials Handling factory near Portadown, Co Armagh, in northern Ireland November 20, 2012. REUTERS/Paul Faith/Pool

Britain's Prime Minister David Cameron answers questions at the Nacco Materials Handling factory near Portadown, Co Armagh, in northern Ireland November 20, 2012.

Credit: Reuters/Paul Faith/Pool

LONDON (Reuters) - European Union chief Herman Van Rompuy's compromise draft EU budget does not go far enough in reducing spending, British Prime Minister David Cameron's spokesman said on Wednesday.

"While Van Rompuy's proposals are a step in the right direction, we believe there are still areas where further cuts can be made," the spokesman said.

Cameron spoke to Van Rompuy on Tuesday. The EU chief had last week tabled a draft EU budget aiming to mollify Britain, which wants deep reductions to EU spending plans.

Van Rompuy's draft would reduce the roughly 1 trillion euro ($1.3 trillion) budget for 2014-2020 proposed by the European Commission by about 80 billion euros and will be discussed by EU leaders aiming to strike a deal at a summit on November 22-23.

(Reporting by Mohammed Abbas)

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Comments (1)
beancube2101 wrote:
Yeah, we all know who makes most in those money already with those insider monopoly investment banking system. We are going to cut but it is going to be on those banking insiders political parties and fat cats. We are going to break up these political party establishment using our number of voting power so our public service sectors would be hijacked and black mailing our schools, mails, food supplies first. In this modern age, we, the population, have modern technology communicating faster, more thorough and diverse than any of these rigid political parties to do any organize movements. We don’t need these stupid insider political parties anymore.

Nov 21, 2012 8:23am EST  --  Report as abuse
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