Member States Want to Freeze EU Budget
Germany, Austria, the Czech Republic, Finland, the Netherlands, Sweden and the United Kingdom have called for a freeze of the EU's next seven-year budget (2014-2020) affirming that the Commission's proposal is in excess of what is needed for a stabilisation of the European budget at a time when member states are undertaking tough consolidation efforts.
The seven countries plead for allocating EU monies for innovative and high-tech projects, rather than on regional policy. Many of the Eastern European EU countries, including Poland and Hungary, are opposed to reducing the overall volume of the EU budget, and especially the regional funds which benefit the EU's poorer members.
The new EU budget for 2014-2020 is expected to be agreed by the end of 2012.