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EU Budget

# eu-budget - Today’s News

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# eu-budget - Tuesday 19 November, 2013

‘A great day for Europe’: MEPs approve EU’s budget for the next seven years MFF

‘A great day for Europe’: MEPs approve EU’s budget for the next seven years

The agreement brings to near conclusion a lengthy process of getting 28 member states to agree on its spending priorities for the coming years.

# eu-budget - Tuesday 12 November, 2013

From TheJournal.ie EU Budget for 2014 agreed after marathon overnight talks Brussels

EU Budget for 2014 agreed after marathon overnight talks

A 400 million fund to help countries hit by flooding and drought had been one of the main stumbling blocks in the negotiations.

# eu-budget - Thursday 24 October, 2013

From TheJournal.ie Taoiseach to attend EU Council meeting with migration top of the agenda EU

Taoiseach to attend EU Council meeting with migration top of the agenda

The issue of migration will be discussed by EU leaders following the recent drownings in the Mediterranean.

# eu-budget - Wednesday 23 October, 2013

EU avoids its own shutdown after MEPs agree to fill €2.7bn funding shortfall

The emergency finance is needed because revenue from import duties fell below EU forecasts.

# eu-budget - Thursday 27 June, 2013

Deal reached on seven year, EU trillion-euro budget MFF

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”.

# eu-budget - Saturday 18 May, 2013

From TheJournal.ie Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World Opinion

Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World

Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.

# eu-budget - Tuesday 14 May, 2013

From TheJournal.ie Ireland to contribute over €90 million extra to EU budget for 2013 EU Budget

Ireland to contribute over €90 million extra to EU budget for 2013

The contribution is part of an overall contribution of €7.3 billion to cover a spending shortfall from 2012.

# eu-budget - Tuesday 7 May, 2013

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

EU leaders agreed to hold further discussions on agreeing a budget for the next seven years as well as plugging a shortfall in this year’s finances following negotiations, chaired by Ireland, in Brussels.

# eu-budget - Wednesday 13 March, 2013

MEPs shoot down leaders’ proposals for seven-year EU budget

The budget for 2014 to 2020 was comprehensively beaten in a vote by MEPs, whose president Martin Schulz welcomed the vote.

# eu-budget - Thursday 28 February, 2013

“You are a privileged generation” – Barroso to TCD audience

José Manuel Barroso also said he was “confident” that the United Kingdom would choose to remain a part of the European Union after its upcoming referendum.

From TheJournal.ie Barroso: ‘We can see light at the end of the tunnel’ Austerity

Barroso: ‘We can see light at the end of the tunnel’

The President of the European Parliament affirms, however, that MEPs will probably not pass the EU’s draft seven-year Budget.

# eu-budget - Friday 8 February, 2013

From TheJournal.ie The Evening Fix… now with added musical history Need To Know

The Evening Fix… now with added musical history

Here are the things we learned, loved and shared today.

# eu-budget - Monday 4 February, 2013

From TheJournal.ie Column: Eyes on Ireland to defend the EU aid budget Opinion

Column: Eyes on Ireland to defend the EU aid budget

Bill Gates was right to highlight global poverty with Enda Kenny during his recent visit to Dublin – because Ireland is the country charged with brokering an agreement on overseas aid, writes Hans Zomer.

# eu-budget - Tuesday 22 January, 2013

From TheJournal.ie Bill Gates to meet with Taoiseach, Tánaiste and President tomorrow Bill Gates

Bill Gates to meet with Taoiseach, Tánaiste and President tomorrow

The Microsoft founder and philanthropist is also reported to be meeting Bono on his visit to Ireland tomorrow.

# eu-budget - Friday 23 November, 2012

EU budget summit ‘ends without deal’

The talks resumed today but officials from several delegations said no deal had been sealed for the bloc’s next long-term budget.

From TheJournal.ie The 9 at 9: Friday 9 At 9

The 9 at 9: Friday

Here’s the nine stories you need to know this morning.

From TheJournal.ie EU budget talks head into second day but no deal yet EU Budget

EU budget talks head into second day but no deal yet

Angela Merkel is doubtful as to whether a deal can be reached as the leaders of the 27 EU members meet again today.

# eu-budget - Thursday 22 November, 2012

From TheJournal.ie The 9 at 9: Thursday 9 At 9

The 9 at 9: Thursday

Good morning. Here’s the nine stories you need to know as you start your day.

From TheJournal.ie Taoiseach and EU leaders gathering for budget summit EU Budget

Taoiseach and EU leaders gathering for budget summit

EU leaders are to spend the day and probably tomorrow discussing their budget for the next seven years.

# eu-budget - Friday 9 November, 2012

From TheJournal.ie EU 2013 budget talks break down EU Budget

EU 2013 budget talks break down

The council of ministers were “unable to negotiate”, a spokesperson said.

Brian Hayes in Brussels to discuss EU budget EU

Brian Hayes in Brussels to discuss EU budget

The Minister of State will meet with other EU finance ministers to discus the bloc’s budget for the coming year.

# eu-budget - Thursday 18 October, 2012

From TheJournal.ie EU summit: Merkel backs EU budget control EU Summit

EU summit: Merkel backs EU budget control

While not originally on the agenda, there is speculation Spain may ask for a limited bailout in Brussels.

# eu-budget - Wednesday 22 February, 2012

Three countries refuse to sign off on EU accounts for 2010

The UK, Sweden and the Netherlands refused to sign off after the European Court of Auditors reported accounting errors.

# eu-budget - Saturday 19 November, 2011

“Serious risk” of European Commission running out of funds in 2012, says Commissioner

The EU’s 2012 budget is set to increase it by 2 per cent to €129bn, but spending commitments have hit €147bn.

# eu-budget - Tuesday 17 August, 2010

NINE EUROPEAN UNION member states have written to the European Commission asking it to change its accounting rules in a bid to try and artificially lower their official budget deficits.

The countries, mostly from Eastern Europe, have asked the bloc to consider changing its classifications so that the costs of reforming their various pension schemes do not count towards their budget deficits.

Lithuania, Latvia, Bulgaria, Sweden, Slovakia, Hungary, Romania, Poland and the Czech Republic say that reform of their pensions systems, while expensive, create long-term benefit while inflating their short-term budget shortfalls.

In a letter obtained by Reuters today, the countries backed a German proposal to introduce new penalties for countries which exceed the Union’s ‘glass ceiling’ of running a budget deficit of more than 3% of GDP.

But they wrote:

Maintaining the current approach to debt and deficit statistics would result in unequal treatment of Member States and thus effectively punish reforming countries.

The European Commission has described the proposal to change budgeting rules as a “relevant” one, but insiders believe it would be difficult to change the rules as they form part of the Stability and Growth Pact, amendments to which would require the assent of all 27 member states.

“There is likely to be some understanding for the position of the nine countries, but it is difficult to say how far it will go,” one source told Reuters. “To change the accounting rules everybody has to be on board, and some are not.”

Ireland is likely to face massive penalties from the EU one way or another, after its official statistical agency Eurostat ruled that Ireland’s costs of recapitalising Anglo Irish Bank would not be discounted from its budget deficit – meaning its deficit could be up to 24% of GDP, eight times the EU limit.

# eu-budget - Monday 9 August, 2010

THE EU’S BUDGET COMMISSIONER has said he thinks the attitude of member states might have softened on the idea of introducing a direct EU tax.

Janusz Lewandowski, of Poland, told the German edition of the Financial Times that he felt member states who were suffering with budget difficulties of their own would welcome the idea of unloading their payments to the EU’s central coffers, with Brussels introducing a new direct tax to make up for it.

“Many countries want to be unburdened. In this way, the door has been opened to think about revenues that are not claimed by finance ministers,” he said.

If the tax was to be introduced, the Irish government would save about €1.5bn a year, as it would no longer have to pay to fund the EU on its citizens’ behalves – but would see Irish taxpayers potentially hit with a greater tax burden, with the economically crippled government likely not to cut its own PAYE rates accordingly.

Lewandowski said he had heard from several EU capitals, including Berlin, that member states would welcome the chance to reduce their own individual contributions to the Union’s finances. The German finance ministry has said it is against such proposals, however.

In what could prove to be another double-whammy for Irish consumers, one of the other aspects of funding being examined by Lewandowski is a potential aviation tax – on top of the €10 tax already levied by the Irish government.

The EU Observer reports that negotiations on such a tax could begin in early 2012 under the Danish presidency, when the EU begins discussions on its next seven-year budget. The current budget runs from 2007-2013.

With national governments already feeling the pinch from their own various austerity measures, the chances of a centralised tax reducing budgetary constraints on individual governments could be a realistic prospect.

The next EU Budget would likely be signed off on under the Irish presidency in the first half of 2013.