ESA crisis 'over' as MEPs pass budget
Thursday 16 December 2010 - by Will Henley
The European Commission has sought to reassure national authorities that the three new European Supervisory Authorities will begin operations as normal following a breakthrough in the Parliament over the EU's 2011 budget.
But with the European Council and Parliament failing to agree a new budget, the EU would have been forced to operate under the 2010 budget, which had committed no new funds to the ESAs.
The European Commission had conceded to GFS News that the budget chaos was likely to have knock-on effects on their ability to recruit permanent employees.
However, following the vote on Wednesday, Parliament President Jerzy Buzek said that negotiators had been able to agree "most of MEPs' priorities".
"We got a good deal," Buzek said, claiming that it had obtained "important commitments" from the European Council and Commission on its involvement in long-term EU budget negotiations.
"This EU budget is very good news for the European Union and for its citizens."
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?