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MEPs demand an emergency budget to cover unmade payments, worth around €2.9 billion, from 2012 (Photo: European Parliament)

EU parliament sets pre-conditions for budget talks

Governments must cover the EU's old budget debts before a deal can be reached on the bloc's next seven year budget, MEPs decided on Wednesday (13 March).

Deputies in Strasbourg voted by a 509 to 161 margin to back a resolution setting out the parliament's negotiating stance on the "multi-annual financial framework" (MFF) expected to start in 2014.

EU leaders agreed a deal worth €960 billion in commitments and €908 billion in payments at February's budget summit, a 3 percent real t...

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MEPs demand an emergency budget to cover unmade payments, worth around €2.9 billion, from 2012 (Photo: European Parliament)

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