For the unfortunate diplomats locked in the Justus Lipsius council building all of Friday and into Saturday morning, the European Union’s 2012 budget negotiations were an arduous affair. Upon emerging, one groggy diplomat lamented “an evening I can never get back.”
But to the union at large, the remarkable thing about the talks was how easily they went down.
For those who missed the news early Saturday morning, representatives from the EU’s 27 member states, the European parliament and the European commission agreed on a 2.02 per cent increase in next year’s budget, bringing it to €129bn.
That was well below the 5.23 per cent sought by MEPs, and the 4.9 per cent recommended by the commission. Read more