- Financial perspective
The financial perspective (sometimes financial framework) of the
European Union (EU) is a seven-year framework for its spending.The origin of this unusual usage of the term "perspective" appears to be non-native English, likely influenced by French or German (English "prospects" = French "perspectifs", German "Perspektive").
Financial perspective for the 2007/2013 period
On
December 15 2005 , EU members agreed to fix the common budget to 1.045% of the European GDP. UK Prime MinisterTony Blair accepted to review the British rebate, negotiated byMargaret Thatcher in1984 . French PresidentJacques Chirac declared that this increase in budget will permit Europe to "finance common policies" such as theCommon Agricultural Policy - which represents about 44% of the EU's spending - or the Research and Technological Development Policy. However, France's demand to lower the VAT in catering was refused.External links
* [http://ec.europa.eu/budget/other_main/glossary_en.htm#F glossary provided by the European Commission]
* [http://ec.europa.eu/budget/reform/index_en.htm website Debate on the future of Europe's: Reforming the Budget, Changing Europe]
* [http://ec.europa.eu/financial_perspective/index_en.htm website for the financial perspective for 2007 to 2013]
* [http://news.bbc.co.uk/1/shared/spl/hi/europe/04/money/html/introduction.stm BBC News: how the money is spent]
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