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THE EUROPEAN UNION has agreed to a 1.86 per cent rise in its budget for the coming year, bringing the overall pot to €129 billion.
The latest negotiations on next year’s budget lasted for over 15 hours, continuing through last night before an agreement was reached early this morning.
However, while a 1.85 per cent budget increase on 2011 was approved, so too were spending commitments of €147 billion.
EU Budget Commissioner Janusz Lewandowski warned that given the demand on EU funding there is a “serious risk” that the Commission will run out of money during 2012.
Lewandowski, who had pushed for a 5 per cent increase in payments to the budget, said he regretted that the Council and European Parliament “did not take into account the fact that, as we are reaching the end of the current financial period, EU-funded projects across Europe gather speed, and that therefore the European Commission has to pay higher amounts to beneficiaries than at the beginning of the financial period”.
Discussing the figures today, Lewandowski said it was “clearly an austerity budget as most member states are in the midst of a serious financial crisis”.
Data from the European Parliament shows that Ireland received €2.065bn in EU funding last year (over three-quarters of which was spent on agriculture), while the state contributed €1.208bn to the EU in 2010.
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Wake up Ireland. That new sugardaddy FF-GR/FG-LAB busily sold/are selling you to is running out of money through his own profligacy. If he beats you now, while he’s flush, what kind of rod will he use when the well runs dry?
we strutted our own way into penury
Uh ohh
Bull$hit. The Rothschilds/ECB print money out of thin air, backed by neither gold nor silver. When there are corrupt governments in europe who still fool their people into believing they need to use forign pieces of debt paper instead of printing their own, then they’ll keep printing – sorry I meant lending at interest and issuing bonds.
Is there any particular reason you named the Rothschilds in particular, or are you just trying to explain the financial crisis the old fashioned way: ie. blame it on the Jews?
Funnily enough a lot of EU members are in the same boat – running out of money – and are expected to cut their budgets not expect increases. The Commission should take leaf or chapter out if it’s own advice to the broke policy book. What a brass neck these elites have.
Reign in the expenses, ladies and gentlemen, and express some of the austerity you exhort others to.
Anthony Hays and Johnathan Lynn, who wrote the scripts for Yes Minister, starting in 1980, portrayed Brussels as a gravy train with rampant waste and expenses for all.
Latterly, Hans-Peter Martin, a German journalist working for RTL, highlighted the expense abuse rampant among MEPs, to take just one modern day example-see here: http://www.youtube.com/watch?v=xnMtc_QJ4-E
Watch out for our own hand wringing beal bocht, Kathy Sinnot.
That’s thirty years of infamy. About time reality kicked in, yo.
Sinnott, straight into legal threats! Makes Denis O’Brien look like an innocent legit businessman( which of course he is, ish!)
Thanks for the link Ryan,everyone should watch it,Brussels is a joke,no wonder we don’t know much about.Strange people see to know more American politicians than our own European one.It’s the way they want it.
Is this the same EUSSR which is goose-stepping us into penury ?
Default n start again only mattr of time before europe goes bust in favt it already has, mite as well get head start on d rest
What the E.U. doing things wrong I thought that it was only we Irish that did this
It would be terrible if the EU ran out if money, they need to be strong so they can save us from our problems, so so badly need the support of Germany and the EU
It would be great if the EU ran out of money. It would be great of the EU ran out.
this organisation has changed beyond all recognition in the last 20 years…. It’s used to be the Community leaders when it was the EEC that got together to discuss issues. Now there is a whole bureaucracy there complete with new buildings, departments, institutions, staff of all levels, etc with all its associated costs. It’s grown out of all proportions since the 80s and it seems that their no stop on this gravy train
Disgraceful what that link shows….greedy pigs that out to feather their own nest. Between the current home crop of useless wonders and the crowd in Europe…is it any wonder we’re in the mire we’re in?
TDs straight out of little council jobs are being paid 1000 plus as much again in expenses, a week, for what, to put the hand up for a yes or no when the party tells them,
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