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6/10/05

Yahoo! UK : Pressure mounts on Britain over EU rebate

Yahoo! UKPressure mounts on Britain over EU rebate

A showdown is looming at an EU summit next week. Failure to agree the 2007-2013 funding programme would ruin efforts to show the 25-nation bloc is back on track after French and Dutch voters' rejection of the Union's planned constitution.
"I think there'll be a deal in the next week ... There is political pressure. It is easier to get a deal when there is pressure," European Monetary Affairs Commissioner Joaquin Almunia told reporters in London. But asked about the chances of a quick deal, Swedish Prime Minister Goran Persson said: "I am not over-optimistic." Each side is taking a tough position over the budget, fuelling tension that has been rising over the constitution, intended to make the enlarged bloc run more smoothly.

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