Skip to content
Wednesday 19 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,743.35
+0.14%
DAX
26,091.33
-0.14%
CAC 40
8,501.91
-0.09%
STOXX 50
6,444.46
-0.37%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 10 October 2011 7:12 pm  |  Updated:  Thursday 30 May 2019 8:52 pm

RAPID RESPONSES

By: KCS-content

Add as a preferred source on Google

How to cut the EU

The EU has an opportunity to wrong foot its detractors with its next seven-year budget, which is starting to be negotiated. The signs, however, are not good. The European Commission and Parliament have proposed increases for 2012, of 4.9 per cent and 5.2 per cent respectively. The debate needs to change – it is not anti-European to say we should do more with less.

Generally, the Commission is a liberalising force in the EU.

..………………

Instead of suggesting an increase, it should look at the dire economic situation across Europe and think hard how to do more with less. We have published a costed alternative that shows it is possible to cut the budget by 10 per cent (saving the EU over €100bn and Britain over €10bn) while spending more on European growth and development.

Phillip Souta, Director, Business for New Europe

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Related Topics

  • NULL

Trending Articles

  • Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Amanda Blanc has worked her magic at Aviva

  • City law firm sues prominent Emirati business family

More from Morning Wire

  • Brits wary of EU summer hols as officials refuse to ease new border checks

    Transport & Infrastructure
    Airport delays in Spain
  • Ryanair warns of ‘passport queue chaos’ with new EU border system

    Aviation
    Elon Musk and Ryanair CEO Michael O’Leary face off amid acquisition rumors in a business meeting setting
  • KBRA Assigns Preliminary Ratings to Lugo Funding 2026-1 DAC

    Business Wire
  • KBRA Assigns Preliminary Ratings to UK Logistics 2026-3 DAC

    Business Wire
  • Europe has made a ‘major mistake’ on slow electrification, IEA chief warns 

    Energy
    UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.
  • KBRA Assigns Preliminary Ratings for RRE 12 Loan Management DAC

    Business Wire
  • KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset)

    Business Wire
  • KBRA Assigns Preliminary Ratings to Morglas ABS 2026-1 PLC

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook