Blair fails to win support of Eastern EU members for budget

Blair, whose country holds the six-month rotating presidency of the EU until the end of this month, is seeking agreement on the budget for 2007-2013 at a December 15-16 summit after rejecting a proposal made by the Luxembourg presidency in June that would have set the EU budget limit at 1.06% of GDP. Eastern European leaders said the proposal would cut the amount of development aid to help their nations, which joined May 2004. Gyurcsány called for an overhaul of the budget's three main areas, the British rebate, agricultural subsidies and the development aid, simultaneously.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.