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Deal reached on seven year, EU trillion-euro budget

Enda Kenny welcomed an agreement and said it was an important day for “youth, the unemployed and the impoverished”.

Updated 22:07

Kenny, Barroso and Schulz announcing a new EU budget in Brussels this morning. (Image: Merrion Street)

EARLIER TODAY, THE Taoiseach Enda Kenny, president of the European Commission José Manuel Barroso and European Parliament President Martin Schulz have reached an agreement on a new EU budget for the next seven years.

Speaking in Brussels, Enda Kenny welcomed an agreement after emergency talks on the multi-annual financial framework, and said it was an important day for “youth, the unemployed and the impoverished” across Europe.

José Manuel Barroso added it was a “good deal for Europe and the European economy”.

The lads hugging it out after announcing the new EU budget in Brussels this morning. (Image: Merrion Street)

Martin Schulz admitted the deal on the 2014-2020 budget had not been an “easy compromise”.

However, Kenny said that “the Irish presidency is happy to be part of this agreement that needs to go forward now for ratification” to be formally approved by parliament’s 754 lawmakers. Barroso said he “expects that every council member will support the MFF”.

“What we have to do now is see that these monies are channelled into effective programmes so people across the EU can find jobs,” added Kenny.

EU summit

Barroso had called high-level breakfast talks in hopes of unlocking the European Union’s next seven-year budget just hours before the bloc’s 27 heads of state and government gather for a two-day summit.

“Today we have agreed on this budget that will make investment in Europe possible,” Barroso said. “This is the growth fund for Europe.”

The top item on the summit agenda is to agree quick spending on jobs and training for the 5.6 million under 25-year-olds currently unemployed across the EU, victims of the years of tough austerity policies enforced to beat Europe’s debt crisis.

- Additional reporting AFP

Last updated 10:36 this morning

Related: EU budget: Following talks, leaders agree to hold more talks>

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28 Comments
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    Mute Matt
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    Jun 27th 2013, 10:55 AM

    Give Ireland back the €60 billion you owe them, out of that €960 bilion.

    152
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    Mute Kenneth Sheehy
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    Jun 27th 2013, 10:46 AM

    Meanwhile in Ireland the people struggle on, leaderless and adrift in a sea of debt and social misery. But shur Europes happy and thats the main thing.

    110
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    Mute Kevin Higgins
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    Jun 27th 2013, 10:45 AM

    Kenny welcomed an agreement on the multi-annual financial framework, and said it was an important day for “youth, the unemployed and the impoverished” across Europe. Well Mr Kenny the most important day for me is the day I get a job and I have been searching for a while now. One out of a hundred kids in Ireland will understand what this deal means and a further minority will actually deem it as an important day.

    88
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    Mute aurilton
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    Jun 27th 2013, 2:46 PM

    Kevin our youth will have emigrated.
    We will be an elderly populated country with unskilled workers in the future.

    Those with skills will emigrate

    51
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    Mute Jim Flavin
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    Jun 27th 2013, 10:53 PM

    ”Those with skills will emigrate”
    those wit nay sense will emigrate – and that as u say will leave behind an aging population – who will have to bear the cost of this Robbery . There is only one way to end it . I cannot see any peaceful end to this – and when did Kenny give a ##mn abouth the Youth , the unempolyed etc . Hhis main task is to keep the Rich happy – and he is paid well to do that . It suits him – as he is the Very Obedient type . All he has to do is follow orders .

    19
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    Mute Lou Brennan
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    Jun 27th 2013, 11:02 AM

    These guys are some of the best can-kickers I’ve ever seen. Here’s the deal.
    The road goes on and on and the journeys sh!te.

    75
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    Mute aurilton
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    Jun 27th 2013, 2:26 PM

    Yeah Lou …..

    As the song goes – We’re on the road to nowhere” …

    42
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    Mute werejammin
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    Jun 27th 2013, 11:06 AM

    Ans was enda over there hammering home the fact that the only reason theres a Eurozone to budget in the first place and a viable European banking system is because of the crippling burden inflicted on the Irish people, and demanding retrospective relief as an acknowledgement of that fact?

    Was he fu€k. He was probably having his head rubbed and being handed another ‘european lapdog of the day’ award.

    49
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    Mute Leslie Alan Rock
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    Jun 27th 2013, 11:38 AM

    European b**** of the day

    37
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    Mute Begrudgy
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    Jun 27th 2013, 10:53 AM

    Well done Enda you Legend. Freedom of all the cities and towns in Ireland with a Harem of 50 virgins in each one. Go forth and conquer Enda. You deserve it.

    49
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    Mute Leslie Alan Rock
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    Jun 27th 2013, 11:37 AM

    6 people without a notion of the term sarcasm mr begrudgery

    20
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    Mute Eco Energy Sligo
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    Jun 28th 2013, 1:22 AM

    Enda is useless . An embarrassment

    5
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    Mute Uncle Mort
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    Jun 27th 2013, 10:58 AM

    be afraid, be very afraid
    “José Manuel Barroso added it was a “good deal for Europe and the European economy”.

    47
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    Mute R Neuville
    Favourite R Neuville
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    Jun 27th 2013, 11:25 AM

    EU now a Taxocracy not a Democracy.

    Democracy flown, sold out for a loan
    Taxocracy here in its place
    300K gone to find a day’s pay
    Its a total thunderin disgrace

    37
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    Mute Taxi Bill
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    Jun 27th 2013, 11:31 AM

    A good deal for people who soak up the money a lowsey day for the hard pressed EU taxpayer.

    Just think Enda used to teach the a, b, c to kids in Mayo

    If we were in the UK Enda would soon be “Lord Enda of the Corrib Gas Field”

    30
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    Mute Ian McPartland
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    Jun 27th 2013, 11:51 AM

    “GIVE ME THE MOOLAH!!”

    25
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    Mute Damian Moran
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    Jun 27th 2013, 11:13 PM

    Time the people of Ireland considered
    our relationship with the EU.

    20
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    Mute Kerry Blake
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    Jun 27th 2013, 12:07 PM

    Great sounds like a real recession buster!!

    17
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    Mute BigJohn Mc Carthy
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    Jun 27th 2013, 11:26 PM

    How come he did not do that for his owen country

    14
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    Mute Little Jim
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    Jun 27th 2013, 12:03 PM

    How does the EU spend all the money?
    In other words, how do I get some?

    14
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    Mute Kerry Blake
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    Jun 27th 2013, 12:43 PM

    Become a MEP, They get a handy wedge of it.

    17
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    Mute Harrison Terran
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    Jun 27th 2013, 12:56 PM

    Politicians in general are making a right dog’s dinner of the entire affair. Real costs of living are forever rising, jobs are thin on the ground, and even the money in our bank accounts is not ours! It seems our politicians lack the competence to deal with the many problems arising from the economic crisis. Perhaps they need advice from professional economic crisis specialists. For example, the Orlando Bisegna Index, specialists in the economic crisis, have developed a program that has helped various counties with debt problems, business failures and unemployment, thus improving the economic condition of many families. The program has arisen from their development of the Orlando Bisegna Index, a unique index based on 206 diverse indicators that measures the intensity of the economic crisis in the G20 countries and other Euro countries.

    12
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    Mute Francis Foran
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    Jun 27th 2013, 10:28 PM

    Must make a note of this important day !

    9
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    Mute Briain de Seadhach
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    Jun 27th 2013, 11:41 PM

    People complain about the EU so much and a significant reason for that is the lack of good news about the EU portrayed in the media. For example, only yesterday, the EU has again committed to lowering roaming costs within the Union. We never hear about these good things, but we’d definitely miss them if we were to pull out.

    http://europa.eu/rapid/press-release_IP-13-611_en.htm

    7
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    Mute Damian Moran
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    Jun 28th 2013, 1:08 AM

    Roaming charges the people of Ireland
    are more worried about the cost of bread !

    6
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    Mute Damian Moran
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    Jun 28th 2013, 1:16 AM

    This site is full of political party hacks who don’t use Their real names the journal could control this if they wanted
    to ????

    5
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    Mute Gary Maxwell
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    Jun 28th 2013, 2:02 AM

    Who in their right minds are red thumbing most of these comments?!?

    Red Thumb Shite in the Bucket Brigade always around :/

    2
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    Mute Dessie Edmunds
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    Jun 27th 2013, 11:46 PM

    Yawnsome the Journal has degenerated to. If I want to b depressed I’ll suffer the news r scan a paper.

    2
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