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EU Budget: Denmark wants to abolish the British Rebate
Date 10/03/2011 14:22  Author webmaster  Hits 1940  Language Global
10 MAR 2011

Les Echos

(Translated from French)

Denmark wants to abolish the British rebate and cuts in four other European countries that have become a "bad habit" in the European Union, the Danish finance minister told the daily Berlingske Tidende on Monday.

“I’ve made clear to the European Commission that the Danish Presidency [due to commence in January 2012] will work loyally to make progress in the [EU] budget battle with the objective of abolishing the rebates. If it doesn’t work, then we will ask for our own rebate,” says finance minister Claus Hjort Frederiksen.

Denmark holds the first six months of 2012 in the EU's rotating presidency, and the 2014-2020 EU budget promises to be a hot topic.

"There is a limit to our contribution when we see that the United Kingdom or Sweden, countries with which we can be compared, have discounts," said Mr Hjort Frederiksen, who described the British rebate as a "bad habit".

This discount, also called "British rebate", which was agreed in 1984 at the request of Margaret Thatcher, famous for her outburst: "I want my money back".

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Original article (in Danish): Berlingske Tidende