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Member states will have to produce national recovery plans to access the funds.
Leo Varadkar had said that the budget proposal as it stood was “not something [Ireland] can accept”.
Big numbers, big claims – FactCheck is here to find out what’s what.
The massive 26% hike in GDP was decried by one financial journalist as a “work of Irish fiction”.
The agreement brings to near conclusion a lengthy process of getting 28 member states to agree on its spending priorities for the coming years.
A 400 million fund to help countries hit by flooding and drought had been one of the main stumbling blocks in the negotiations.
The issue of migration will be discussed by EU leaders following the recent drownings in the Mediterranean.
The emergency finance is needed because revenue from import duties fell below EU forecasts.
The EU budget cuts spending for the first time ever.
Youth unemployment is top of the agenda at a round table summit in the German capital today.
Enda Kenny welcomed an agreement and said it was an important day for “youth, the unemployed and the impoverished”.
Alain Lamassoure said that he will defend the EU budget agreement.
Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.
The contribution is part of an overall contribution of €7.3 billion to cover a spending shortfall from 2012.
EU leaders agreed to hold further discussions on agreeing a budget for the next seven years as well as plugging a shortfall in this year’s finances following negotiations, chaired by Ireland, in Brussels.
THE EU is looking for an additional €11.2 billion from its member states to cover unpaid claims from 2012.
The budget for 2014 to 2020 was comprehensively beaten in a vote by MEPs, whose president Martin Schulz welcomed the vote.
José Manuel Barroso also said he was “confident” that the United Kingdom would choose to remain a part of the European Union after its upcoming referendum.
The President of the European Parliament affirms, however, that MEPs will probably not pass the EU’s draft seven-year Budget.
It’s February 19 – and the 50th day of Ireland’s tenure at the helm of the Council of the European Union.
The Taoiseach has welcomed a deal limiting EU spending between 2014 and 2020 to €960 billion.
Here are the things we learned, loved and shared today.
The leaders of the four main groups say ‘non’ to the deal – making it virtually impossible for Ireland to steer it past MEPs.
The deal comes in spite of what were seen as key differences between France and the UK over the EU’s fiscal future.
Countries like Britain are insisting that the EU has to make the same drastic cuts that member nations are making in their own budgets.
European Council president Herman van Rompuy hasn’t yet found common ground on a seven-year EU Budget.
As EU leaders gather in Brussels for the first of a two-day summit, just what is at stake, and where is the money going to come from?
The charity said that the €6.1 billion which is set to be cut could instead help lift 4.6 million people out of extreme poverty.
Bill Gates was right to highlight global poverty with Enda Kenny during his recent visit to Dublin – because Ireland is the country charged with brokering an agreement on overseas aid, writes Hans Zomer.
The Microsoft founder and philanthropist is also reported to be meeting Bono on his visit to Ireland tomorrow.
Herman van Rompuy is canvassing member states to ask whether he should call another summit on the budget in February.
The talks resumed today but officials from several delegations said no deal had been sealed for the bloc’s next long-term budget.
Angela Merkel is doubtful as to whether a deal can be reached as the leaders of the 27 EU members meet again today.
EU leaders are to spend the day and probably tomorrow discussing their budget for the next seven years.
The council of ministers were “unable to negotiate”, a spokesperson said.
The Minister of State will meet with other EU finance ministers to discus the bloc’s budget for the coming year.
While not originally on the agenda, there is speculation Spain may ask for a limited bailout in Brussels.
Over 10,000 farmers are expected at a demonstration against possible cuts to the EU’s Common Agricultural Policy.