EUOBSERVER / BRUSSELS – A last attempt to reach an agreement for the 2011 EU budget failed on Monday (15 November) due to reluctance by member states to grant MEPs extra powers in future multi-annual budget negotiations. The EU commission will now have to draft a new proposal, while the first months of next year will be funded on the basis of the 2010 budget.
"It's not good news not to have a budget for 2011, but we will follow procedures," EU Parliament chief Jerzy Buzek told reporters in a late-night press conference after talks with member states broke down.
The final collapse was mainly due to disagreements over procedures and extra powers granted to MEPs under the Lisbon Treaty, the EU's new rulebook.
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EU budget talks collapse after MEPs seek new powers