What is a "budget rebate"?
ECOFIN Netherlands´ Zalm says UK budget rebate ´unacceptable´
Tuesday, June 7, 2005 2:30:17 PM
afxpress.com
Netherlands' Zalm says UK budget rebate 'unacceptable' LUXEMBOURG (AFX) - Dutch finance minister Gerrit Zalm said it is "unacceptable" that the UK alone should enjoy a rebate on its EU budget contribution
Zalm said if EU member states fail to reach a deal on the bloc's future funding by their June deadline, the UK, which takes on the rotating EU presidency on July, may be forced to show more flexibility on its rebate
"It is impossible to have a system that only benefits one country," he said. "To us, it is unacceptable that only the UK should get the rebate." Earlier, UK chancellor of the exchequer Gordon Brown reiterated his government's determination to retain the rebate negotiated two decades ago by then prime minister Margaret Thatcher
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ECOFIN UK´s Brown wants to see euro zone economy grow faster, defends rebate
Tuesday, June 7, 2005 1:44:40 PM
afxpress.com
|| ||||| ||||| 2005-06-07 14:44:40 ECOFIN UK's Brown wants to see euro zone economy grow faster, defends rebate LUXEMBOURG (AFX) - UK chancellor of the exchequer Gordon Brown said he wants to see the euro zone economy grow faster
"There is no doubt that all of us benefit from the euro area growing faster than it is at the moment," he told reporters on the margins of a meeting of EU finance ministers
Brown also reiterated that the UK will defend its EU budget rebate, negotiated by then prime minister Margaret Thatcher two decades ago
"There will be no change in our position," he said |
