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Officials seek ways to bypass Britainís EU budget veto threat
EurActiv ^ | 16 November 2012 | (EurActiv.com with Reuters)

Posted on 11/16/2012 6:42:11 PM PST by Olog-hai

European Union officials are examining legal options to side-step a possible British veto on the bloc’s long-term budget, in a bid to weaken Prime Minister David Cameron's trump card in the talks, diplomats said.

Britain is one of several net contributors including Germany and France demanding deep reductions to EU spending plans worth more than €1 trillion between 2014-2020, which they say are at stark odds with austerity-driven spending cuts at home.

Under pressure from Euroskeptics in his own party to deliver a real terms cut, officials believe Cameron is the most likely to make good on a threat to veto a deal at a summit of EU leaders in Brussels starting next Thursday (22 November). …

“The British are the only ones who consider it potentially acceptable to pull everything down around them at the summit,” said one EU diplomat, speaking on condition of anonymity. “The EU institutions are thinking of ways legally to get around a British veto,” he said. …

(Excerpt) Read more at euractiv.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; United Kingdom
KEYWORDS: eubudget; eurobanking; eussr; tobintax
Sure, “legally” sidestep a veto of yet another budget that auditors have rejected (for the eighteenth year in a row).
1 posted on 11/16/2012 6:42:18 PM PST by Olog-hai
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To: Olog-hai

What, austerity for the Euro-crats...what blasphemy...hang the uppity peasants.


2 posted on 11/16/2012 7:34:52 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: RetiredTexasVet

Yeah, that’d be like socialism for the socialists . . . way too much to ask, yes?


3 posted on 11/16/2012 7:40:34 PM PST by Olog-hai
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To: Olog-hai

proving again the only way socialists can get what they want done, by force and dictatorship.


4 posted on 11/16/2012 8:32:56 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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