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12/18/10

France, Germany, U.K., others urge EU budget freeze

Britain, France, Germany, Finland and the Netherlands called on Saturday for the EU budget to be frozen until at least 2020, in a joint letter to the European Commission.

The letter, addressed to European Commission President Jose Manuel Barroso, said that the European Union's joint budget should not grow faster than the rate of inflation in the bloc's post-2013 long-term budget. "European public spending can not be exempted from member states' considerable efforts to get their public spending under control," the letter, which was released by the French presidency, said.

The EU's 27 countries will start talks in mid-2011 on the long-term budget, which runs from 2014 until 2020 or longer.

For more: France, Germany, U.K., others urge EU budget freeze

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