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Europe Daily Bulletin No. 9092

18 December 2005
A LOOK BEHIND THE NEWS / A look behind the news, by ferdinando riccardi
Financial Perspectives compromise will allow the EU to operate in acceptable conditions and pave the way for reflection on the future

The two players. I wrote at such length ahead of the European Council about the fact that the most important thing was for the leaders to agree on the Financial Perspectives that I'm hardly going to change my mind now - the agreement reached is positive for Europe, but I am not jumping with joy. As a breathing space, the EU needed this agreement to guarantee spending in 2007 (the current budget deal ends at the end of 2006). The new deal exists and it is now possible to view certain...