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Europe Daily Bulletin No. 8618

8 January 2004
Contents Publication in full By article 15 / 29
GENERAL NEWS / (eu) eu/financial perspectives
Small majority of Commissioners support 1.24% budget - agreement on generalised correction principle

Brussels, 07/01/2004 (Agence Europe) - A small majority of Commissioners favour a community budget of 1.24% of Gross National Product, indicated a Community source at the end of a College debate on Wednesday on the next financial perspectives. A compromise is being worked out on the period for the financial perspectives: Agenda 2007 could last 7 years followed by Agendas of 5 years. Most Commissioners agree on the principle for a generalised correction mechanism but the Commission is not...

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