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Monday, October 06, 2003

Be Careful Who's Paying Here

I just posted on this over at Fistful of Euros in case anyone has something to say a propos:

Germany and France have issued a thinly-veiled warning to Spain and Poland that they risk losing billions of euros of European Union aid if they disrupt talks on a new EU constitution. The tough message came as 25 European leaders began negotiations in Rome on the new constitutional treaty, which they hope to agree by December.The biggest obstacle to a deal is the insistence by Spain and Poland that they should wield similar voting power to larger countries, such as Germany.

José María Aznar, the Spanish prime minister, and Leszek Miller, his Polish counterpart, made it clear on Saturday that they would not accept any treaty which reduced their influence.Their position has infuriated Gerhard Schröder of Germany and Jacques Chirac of France, who both support the draft treaty drawn up last June by Valéry Giscard d'Estaing's European Convention.Mr Schroder and Mr Chirac used identical words to connect the treaty negotiations and next year's debate on future EU funding: "Of course there's a link," they both told reporters.
Source: Financial Times

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