Irish

Wednesday 30 July 2014

European Union leaders reach agreement on €960m EU budget

Published 08/02/2013|15:01

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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.

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"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

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