Gilmore agrees provisional deal on trillion-euro budget for seven years
PROVISIONAL agreement has been reached on a near trillion euro EU-wide budget for the next seven years, under negotiations involving the Irish Presidency.
Following lengthy talks, Tanaiste Eamon Gilmore and the European Parliament's chief negotiator Alain Lamassoure have agreed a joint text which will now have to be signed off by member states and MEPs.
Mr Gilmore said agreement on the so-called Multi-annual Financial Framework (MFF) 2014 to 2020 was in the interests of the people of Europe.
"The budget is about putting in place a robust budget that will enable jobs to be created in Europe," Mr Gilmore said, following the talks in Brussels.
The package contains all four issues of concern raised by the European Parliament, including greater flexibility and a budgetary review in 2016, he added.
Officials had hoped to reach an accord with the European Parliament on the legislation before the end of this month, when Ireland's term as holder of the EU presidency ends.