EU leaders agree to a balance of growth and strict budgets

15. 03. 2013

EU leaders agree to a balance of growth and strict budgets


European Council President, Herman van Rompuy:


"We carved out six billion euros and they are targeted towards fighting youth unemployment, and by the way this Initiative is one of the reasons I hope an agreement will soon be reached between the council and the parliament on precisely the multi-annual financial framework."

 

Economic policy has naturally topped the agenda with France claiming to have won some wiggle-room on budgets. Despite a north/south divide a draft statement appears now to back a mix of expenditure and revenue measures.

 

 

Reporting for euronews from Brussels, Isabel Marques da Silva said:

 

"Fiscal discipline with a growth-friendly approach is the new concept forged by European leaders to soften austerity. In practice, governments have to cut expenditure and try not to raise taxes and maybe this will give them time to rebalance their deficits. But will it be a recipe to create more growth and jobs?"

 

Source: Euronews

 

EU leaders agree to a balance of growth and strict budgets