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Europe Daily Bulletin No. 10845

15 May 2013
Contents Publication in full By article 11 / 38
INSTITUTIONAL / (ae) budget
Council agrees to free up €7.3 billion for payment arrears 2012

Brussels, 14/05/2013 (Agence Europe) - A qualified majority political agreement was reached on Tuesday 14 May at the Council of EU finance ministers on making available two stages of the €11.2 billion extension needed to cover arrears from 2012. The first part will amount to €7.3 billion but the remaining €3.9 billion has still to be confirmed.

There was therefore no minority blocking thanks to the rallying of French and German finance ministers to the proposal of the Irish Presidency...

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A LOOK BEHIND THE NEWS
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 61
SUPPLEMENT