News / Europe

EU Leaders Brace for Bitter Budget Battle

Two people are seen underneath a giant banner for the euro currency outside an EU summit in Brussels, Nov. 22, 2012. Two people are seen underneath a giant banner for the euro currency outside an EU summit in Brussels, Nov. 22, 2012.
x
Two people are seen underneath a giant banner for the euro currency outside an EU summit in Brussels, Nov. 22, 2012.
Two people are seen underneath a giant banner for the euro currency outside an EU summit in Brussels, Nov. 22, 2012.
VOA News
European Union leaders prepared Thursday for a summit on a proposed budget that has divided the 27-nation bloc already facing economic crisis. The two-day summit officially opens Thursday evening in Brussels.

In a battle pitting wealthy member states against those seeking a bigger aid budget, British Prime Minister David Cameron has threatened to use his veto unless spending levels are frozen. The current 2007-2013 budget is $1.28 trillion and the next one would cover spending through 2020.

The seven-year budget funds programs to spur farming and growth in the bloc's less developed regions and amounts to about 1 percent of the EU's gross domestic product.

Cameron, under constant pressure from skeptics in his Tory party, is the main proponent of imposing limits on EU spending. He is joined by the Netherlands, Sweden and, to a lesser extent, Germany.

The European Commission, the EU's executive arm, backs more spending, arguing that cross-border initiatives will help create economic growth and jobs.

Sixteen of the EU's most financially and economically vulnerable countries have joined forces to oppose cuts to funds earmarked for economic growth and development. The countries include not only traditionally poorer member states, many in Eastern Europe, but also those hardest hit by the financial crisis, like Greece, Portugal and Spain.

On Wednesday, Greece's international lenders failed for the second straight week to reach an agreement on releasing more bailout money to the debt-ridden Athens government.

Eurozone finance chiefs, the International Monetary Fund and the European Central Bank ended a lengthy meeting in Brussels without agreeing on terms for sending a $40 billion rescue package to Greece. Athens says it needs the money - a segment of its second bailout in two years - to avoid defaulting on its financial obligations.

Some information for this report was provided by AP and AFP.

You May Like

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. More

Video Sudan School Becomes Target of Aerial Attacks

Dropout rate at an all-time high in South Kordofan state because many schools have been destroyed during 3-year civil war More

Tennessee Songbirds Fly Coop Long Before Tornadoes Arrive

Researchers say birds apparently alerted to danger by sounds at frequencies below range of human hearing More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid