Business Irish

Thursday 2 October 2014

European Union leaders reach agreement on €960m EU budget

Published 08/02/2013 | 15:01

  • Share
Taoiseach Enda Kenny with British Prime Minister David Cameron, left, during the EU summit in Brussels (AP)

THE EU has reached agreement on the bloc's long-term spending plans until the end of the decade on Friday after more than 24 hours of negotiation, the president of the European Council said.

  • Share
  • Go To

"Deal done," Herman Van Rompuy, who chaired the meeting of the 27 EU leaders, said in a message sent on Twitter.

The agreement, which fixes EU spending over the seven-year period from 2014-2020, set a ceiling of €960bn for appropriations. It will now go to the European Parliament for final approval, a process that could take several months.

Reuters

Read More

Editors Choice

Also in Business