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October 6, 2022

France, Poland join forces ahead of EU budget showdown

The French and Polish presidents agreed on Friday to lobby for strong development and farm spending as economic stimulus at upcoming European Union budget talks, despite the bloc’s paymaster Germany wanting austerity, http://www.thenews.com.pk reports. The EU’s 27 members are struggling to find ways to rein in spending to overcome the economic crisis sparked by the Eurozone’s crippling debt woes. As they gear up for the key November 22-23 summit, EU nations are deeply divided over whether to cut the European Commission’s proposed 1.03-trillion-euro ($1.3 trillion) 2014-2020 budget. France and Poland “will work together on the budget because I do not want the Common Agricultural Policy – which is part of our history – to come into conflict with the cohesion (development) policy, to which Poland is deeply attached,” French President Francois Hollande, a socialist, said on this his first visit to Warsaw since becoming president in March. The budget summit risks turning into an ugly showdown between older wealthier states like Germany or Britain and poorer southern and eastern EU members, including Poland, who benefit most from development funds.

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