Emergency budget
The European Parliament has debated an emergency 1.8 billion European currency unit mini-budget to help the financially-troubled European community meet its farm subsidy obligations for the rest of this year. The Budget Commissioner, Christopher Tugendhat, said that the group’s financial credibility would be in jeopardy if it postponed the honouring of its commitments. Mr JeanPierre Cot, the Budget Committee chairman, said that the assembly should reinstate almost half of 500 million E.C.U.S earmarked by the Council of Ministers for economy measures on non-farm spending programmes. Parliamentary sources said that the outcome of the final reading of the supplementary Budget today would depend partly on the Council of Ministers’ response to the demands made by. Parliament —
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Press, 26 October 1984, Page 13
Word Count
117Emergency budget Press, 26 October 1984, Page 13
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