Indian Express

France rejects EU draft budget plan

Agencies Posted online: Thu Nov 15 2012, 13:36 hrs
Paris : French Prime Minister Jean-Marc Ayrault on Thursday rejected a draft budget proposed by European Union chief Herman Van Rompany, saying the limits it proposes on farm subsidies were unacceptable.

This proposal in no way constitutes a basis for negotiation that is acceptable for France in terms of ceilings on spending proposed for the common agricultural policy, Ayrault said in a statement.

Ayrault said France was ready to seek an agreement at next week's talks on the seven-year budget, which Britain, pushing for spending cuts, has already threatened to veto.