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Europe Daily Bulletin No. 9058

28 October 2005
THE DAY IN POLITICS / (eu) eu/informal summit/budget
Differences of opinion on creation of fund to absorb shock of globalisation, but determination to reach agreement this December on financial framework 2007-2013

Hampton Court, 27/10/2005 (Agence Europe) - The ideas of the European Commission to promote an agreement this December on the forthcoming financial perspectives (2007-2013), which is the implementation of a European fund to absorb shocks caused by globalisation ("Globalisation Adjustment Fund"), was greeted with scepticism and opposition by several Heads of State and Government of the EU, meeting for their informal Summit in Hampton Court on 27 October. Of the ideas put forward to feed into...

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