This page has been archived and commenting is disabled.

A Disappointed Van Rompuy Releases Statement Following EU Budget Talks Collapse

Tyler Durden's picture


The borderline incomprehensible gibberish is highlighted by us.

Remarks by President Herman Van Rompuy following the European Council (pdf)

The European Council gives its President the mandate together with the President of the European Commission to continue the work and pursue consultations in the coming weeks to find a consensus among the 27 over the Union's Multiannual Financial Framework for the period 2014-2020.

The bilateral talks yesterday and the constructive discussion within the European Council show a sufficient degree of potential convergence to make an agreement possible in the beginning of next year.

We should be able to bridge existing divergences of views. A European budget is important for the cohesion of the Union and for jobs and growth in all our countries.

We discussed as I said the Multiannual Financial Framework. We must work on a moderation budget. The times call for it. Every euro must be carefully spent. That's why we foresee more scrutiny and reporting. There is a certain number of things we want the Union to do for our countries and citizens and it must be able to do them.

Everybody also agrees on another point: this must be a budget for growth. A budget that focuses on jobs, on innovation, on research. That's why in my proposal the spending on competitiveness and jobs is more than 50% higher than in the period 2007-2013. Here especially this budget is not a zero sum game. Growth in one country benefits all.

Last week I circulated my first draft proposal. Yesterday I carefully listened to all the colleagues, and I put a new proposal on the table.

Compared to the previous version, it keeps the budget's overall total at a stable level. It's 80 billion euro below the Commission proposal and a real cut compared to the 2007-2013 period. This is a first in EU budget talks.

My proposal, compared again to the previous version, includes increases in agriculture and cohesion funds, with total figures for these headings still lower than in the Commission proposal. It compensates these shifts with cuts in other areas.

We will need some more time to finalise this solution. This is the budget for the rest of the decade. And the next 7 years will be crucial, to put Europe back on the path of recovery and growth. So we must get it right.

There's no need to dramatise: these budget negotiations are so complex they generally take two goes.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 11/23/2012 - 12:42 | 3006603 achmachat
achmachat's picture

he should have said: "my preciouuusssssss!!"

same outcome.

Fri, 11/23/2012 - 14:25 | 3006951 fonestar
fonestar's picture

Van Rompuy looks like the Grinch who stole Europe

Fri, 11/23/2012 - 15:32 | 3007131 A Nanny Moose
A Nanny Moose's picture

Van RumpRanger

Fri, 11/23/2012 - 17:30 | 3007367 goldfish1
goldfish1's picture

"Gibberish" is spot on.

Fri, 11/23/2012 - 17:20 | 3007341 Michaelwiseguy
Michaelwiseguy's picture

Rump looks like a real Vampire in that picture. Nigel should invite Von Rump to fly over right in the Euro chamber and try to bite him.

Fri, 11/23/2012 - 21:19 | 3007827 philipat
philipat's picture

Who IS Van Rompuy?

Sat, 11/24/2012 - 02:11 | 3008137 They Tried to S...
They Tried to Steal My Gold's picture

"We will have a final decision on October 23rd. This is is merely a matter of coincidence that it follows the German elections one day later. These are serious and well thought out disscussions. Please do not over dramatise."

Fri, 11/23/2012 - 12:42 | 3006604 vinayjha
vinayjha's picture

and they continue to meet after 7 year to finalise deal and market continue to rally on hope that someday deal will be done.

Fri, 11/23/2012 - 12:43 | 3006605 PUD
PUD's picture

Is he the liar or the idiot? I get confused.

Fri, 11/23/2012 - 13:20 | 3006662 xtop23
xtop23's picture

He's both. Just like Bernanke.

Van Rompuy's a putz-rocket. I wish Farage would one day just get totally fed up, walk over, and ........ ( insert your prefered method of medieval violence ).

edited for the squeamish :p


Fri, 11/23/2012 - 13:58 | 3006868 Jack Napier
Jack Napier's picture

They put liars in charge who pretend to look like idiots so they can hide behind incompetence instead of malevolence. Status quo.

Fri, 11/23/2012 - 16:06 | 3007193 The Final Countdown
The Final Countdown's picture

With Barroso they failed on the malevolence bit though

Fri, 11/23/2012 - 14:23 | 3006947 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I wish Farage would one day just get totally fed up, walk over, and...

Oh I feel better now...l thought it was just me.

Fri, 11/23/2012 - 14:10 | 3006903 NorthPole
NorthPole's picture

he is a ... are you poet.

Fri, 11/23/2012 - 14:12 | 3006912 NorthPole
NorthPole's picture

he is... are you poet.

Fri, 11/23/2012 - 14:49 | 3007030 Winston Churchill
Winston Churchill's picture

Schizophrenic is the correct diagnosis.

I personally volunteer to treat him with ECT,preferably at 100,000 volts.

Sat, 11/24/2012 - 00:31 | 3008076 Non Passaran
Non Passaran's picture

He's the both.
An idiotic dellisioned liar.

Fri, 11/23/2012 - 12:43 | 3006606 DavidC
DavidC's picture





(i.e. for the second time in a couple of days, words fail me)

Fri, 11/23/2012 - 12:43 | 3006607 slaughterer
slaughterer's picture

"That's why in my proposal the spending on competitiveness and jobs is more than 50% higher than in the period 2007-2013. "

Prelude to US fiscal cliff outcome:

1) Revenue will go down

2) Spending will go up

Sat, 11/24/2012 - 00:09 | 3008052 Amagnonx
Amagnonx's picture

I would really like it explained, how taking money from the producers and giving it to govt can ever create jobs or competiveness.  The more they spend, the more they take - the less there is left for jobs, and the more they undermine the ability of producers to remain solvent and effectively compete.


The beatings will continue until morale improves.

Fri, 11/23/2012 - 12:44 | 3006611 swissaustrian
swissaustrian's picture

Whatever, EUR is still up 60 BP intraday. Makes perfect sense to me.

Fri, 11/23/2012 - 12:48 | 3006617 rockraider3
rockraider3's picture

The Herman Van Rumproast was a little dry this Thanksgiving.

Fri, 11/23/2012 - 12:50 | 3006626 Ivanovich
Ivanovich's picture


Fri, 11/23/2012 - 12:48 | 3006619 jez
jez's picture

We will need some more time to finalise this solution.


The Germans used to be keen on Final Solutions. Clever wording here.

Sat, 11/24/2012 - 00:16 | 3008060 Amagnonx
Amagnonx's picture

If the Germans had properly finalised the soluton and taken out all of them including the Rothschilds - there would be no Israel/Palestine nightmare, no EU mess and the US would likely be in a lot better shape as well.  Thats what you get for doing a half assed job.

Fri, 11/23/2012 - 12:49 | 3006621 Coast Watcher
Coast Watcher's picture

Following the excellent example set by the U.S. Congress, we expect the 2014-2021 budget to be completed and passed by ... 2022.

Fri, 11/23/2012 - 12:58 | 3006651 SaveTheBales
SaveTheBales's picture

Dude. You worry too much.

Progress from Congress? 

Stop it.  My sides are starting to hurt.


Fri, 11/23/2012 - 12:53 | 3006628 BrigstockBoy
BrigstockBoy's picture

Nigel Farage was right, this guy is a nobody, a damp rag...

Fri, 11/23/2012 - 13:40 | 3006797 zilverreiger
zilverreiger's picture

but he intends to be a nobody, his role is always quite modest, and in service of the eu

Fri, 11/23/2012 - 18:46 | 3007512 zilverreiger
zilverreiger's picture

nigel farage is a tool for the uk banksters

Fri, 11/23/2012 - 12:52 | 3006631 Global Hunter
Global Hunter's picture

"We must work on a moderation budget. The times call for it. Every euro must be carefully spent."

err...shouldn't they have been carefully spending all along?  Why start now?

Fri, 11/23/2012 - 13:40 | 3006798 reload
reload's picture

The internal mechanism by which the EU allocates its funds is so innefficient, corrupt and fraudulent that they have not been able to find an accountant willing to to sign off the accounts for 17 years. `Carefully spending` and `other peoples money` dont live harmoniously any better in EU land than elsewhere - unsuprisingly enough.

Fri, 11/23/2012 - 14:05 | 3006885 imbrbing
imbrbing's picture

Looks to me like they were very careful to make sure they spent every dime, isnt that why they need more money?

Fri, 11/23/2012 - 12:52 | 3006632 I am Jobe
I am Jobe's picture

Amerika's future is the same- No confidence and the same ole story. No worries, EBT's will flow. Slave Nation /WMT rules.

Fri, 11/23/2012 - 12:53 | 3006633 Sancho Ponzi
Sancho Ponzi's picture

'these budget negotiations are so complex they generally take two goes'


Double the stays at swanky hotels

Double the meals at high-end restaurants

Double the escorts

Double the bullshit as these f@Cktards can't solve any 'complex' issues

Double the can kicks

Fri, 11/23/2012 - 13:19 | 3006721 machineh
machineh's picture

these budget negotiations are so complex they generally take two goes


... then the third go degenerates into fisticuffs, hurled furniture and broken noses.

Fri, 11/23/2012 - 12:54 | 3006638 MillionDollarBoner_
MillionDollarBoner_'s picture

What he actually said was

"Ik ben een paardelulle"

Fri, 11/23/2012 - 13:58 | 3006863 petolo
petolo's picture

No e on the end: paardelull . Could have an en on the end for plural. i.e., I am horsecocks .

Fri, 11/23/2012 - 17:53 | 3007403 MillionDollarBoner_
MillionDollarBoner_'s picture

thanks ;o)

Fri, 11/23/2012 - 12:57 | 3006648 RopeADope
RopeADope's picture

"We will need some more time to finalise this solution."


Sounds like a drug addict... Special thanks go out to my junkie ex for teaching me to short gibberish.

Fri, 11/23/2012 - 12:58 | 3006650 Mongo
Mongo's picture

"We should be able to bridge existing divergences of views. A European budget is important for the cohesion of the Union and for jobs and growth in all our countries."



Fuck you HvR and your henchmen. Entire Europe is burning because of the banks and EU/ECB/IMF and you mumble about growth and stability... go back where you came from

Fri, 11/23/2012 - 12:59 | 3006653 adonisdemilo
adonisdemilo's picture

rumpy pumpy needs to acquaint himself with some history.

Britain's wealth came from the industrial revolution and built up slowly from hard work over 200+ years.

rumpy pumpy and his theoretical economists think this can be replicated by using pay day loans. 

Fri, 11/23/2012 - 14:48 | 3007025 omniversling
omniversling's picture stealing other nations wealth, nations where people already lived in their OWN countries, before they were pirated and called 'Commonwealth'...Australia for example was declared Terra Nulius', no-one lived there, despite the fact that that the longest continuous culture on the face of the planet had been here for 40-60,000 years...

I believe that sugar  from the Carribean (and other natural resources) was one of the main sources of capital accumulation in the old Empire. Chuck in a bit of 'maritime law', merchantilism, piracy, slavery, and appalling Victorian working conditions, without which I doubt Britain would have 'ruled the oceans', and had 2/3 of the globe under her dominion..

For a snapshot of working life in Britain, read 'The Ragged Trousered Philanthropist' by Robert Trestle. A painter/decorator's account of daily hardship of the working class, working for Toffs and wealthy Industrialists. The title could just as well apply to contemporary debt slaves..

Fri, 11/23/2012 - 17:23 | 3007355 Shigure
Shigure's picture

+ 1 for mentioning "The Ragged Trousered Philanthropists".  Trestle didn't forsee the problems with fiat currency though, still, nobody's perfect!

Fri, 11/23/2012 - 17:56 | 3007405 MillionDollarBoner_
MillionDollarBoner_'s picture

"plus stealing other nations wealth"

We didn't steal it. They left it lying around and we just picked it up.

I think its called "gleaning" or summat like that :O) 

Fri, 11/23/2012 - 13:00 | 3006657 youngman
youngman's picture

Whats amazing is that these elitists get paid for this..a lot too...we really could survive without them..they could not survive without us

Fri, 11/23/2012 - 18:56 | 3007531 knukles
knukles's picture

And they set their own salaries and bennies, to boot!

You didn't pay yourself that yourself.

Fri, 11/23/2012 - 13:01 | 3006660 Bay of Pigs
Bay of Pigs's picture

In other words, he has no idea what's going on?

Time to put the straitjacket on this crazy fucker.

Fri, 11/23/2012 - 13:06 | 3006674 blindman
blindman's picture

Dr. Norman Finkelstein is the Steve Jobs of social justice. Epic!

Posted on November 23, 2012 by maxkeiser
Timothy Bennett: 1 of 3: The River of Vision - On the Works of Daniel Quinn, author of Ishmael

Fri, 11/23/2012 - 13:53 | 3006843 Diogenes
Diogenes's picture

Yeah the holocost meme isn't working anymore the way it used to. Be interesting to see what they roll out to replace it.

Fri, 11/23/2012 - 15:05 | 3007073 blindman
blindman's picture

that is a frightening thought.

Fri, 11/23/2012 - 13:06 | 3006677 Satan
Satan's picture

I would pay €10 000 to punch Van Rompuy smack in the face. I'd pay another 10 to to kick that bitch Barroso in the nuts.

Sat, 11/24/2012 - 00:24 | 3008069 Non Passaran
Non Passaran's picture

Don't forget to make room for a 20+ percent Value Added Tax in your budgeting exercises!

Those 2 are scum.

Fri, 11/23/2012 - 13:06 | 3006678 falak pema
falak pema's picture


Just remember : the Euro parliament will have to confirm any budget decided by the 27 country council. So even if they reach a compromise in their next meeting, they still have to convince the Europarliament which is VERY Euro federalist and wants higher budgets!

Cameron is not home and dry to bring the target of 980 billion down to his comfort level. 

As for Von Rompuy he is just the bell boy for the big boys; no point commenting his comments; its jibberish as its just filling time until Merkel takes her position with Hollande.

They will then propse to Cameron the make or break deal arond 980 target. Knowing full well that if Cameron is stubborn he could subsequently lose ALL the rebates given to him by decision of PARLIAMENT, the last hurdle.

If the Parliament refuses the budget we STAY with what was in place for the last period! 

So take care those who want to bring this budget downwards.

Fri, 11/23/2012 - 13:15 | 3006706 Ghordius
Ghordius's picture

excellent comment and scenario - and Cameron might want exactly this, it would make his backbencher happy because he shows a hard stance (even if it's for naught and a farce) and it would make the LibDem happy for the status quo

the rest of the 27 just have to live with a British politic landscape that can't live without drama and duplicity, as usual

Fri, 11/23/2012 - 18:02 | 3007415 MillionDollarBoner_
MillionDollarBoner_'s picture


How about we just tell you lot to fuck off and go back to trading with our Ex-empire? We are still net contributors, unlike most of you parasites.

PS. we got bad boy nukes - you got van Rumpboy and Baroness Ashton. Good luck with that ;o)

Fri, 11/23/2012 - 13:07 | 3006684 LongSoupLine
LongSoupLine's picture

everytime I see Van Rumproast I want to kick his fucking teeth in.

Fri, 11/23/2012 - 13:34 | 3006779 Kali
Kali's picture

Why do all these guys look like some evil fuck out of a Dickens novel?  He looks like Nosferatu.

Fri, 11/23/2012 - 13:40 | 3006802 akak
akak's picture

If it looks like a leech, and swims like a leech, and sucks blood like a leech, ....

Fri, 11/23/2012 - 13:56 | 3006852 Diogenes
Diogenes's picture

David Icke thinks it's the reptilian blood.  I think it's the lifetime of reptilian scheming.

Fri, 11/23/2012 - 13:09 | 3006691 Conman
Conman's picture

Please don't worry

Fri, 11/23/2012 - 13:14 | 3006704 lizzy36
lizzy36's picture

Another 10 summits, and 50-6 course, wine paired dinners, and they should come up with a budget.

Useless as tits on a bull, all the eurocrats.

Fri, 11/23/2012 - 13:26 | 3006745 Inthemix96
Inthemix96's picture

If I am lucky enough to meet this fucker, he will make me famous.  (if anyone knows who he is like)

I will puch his teeth down his scrawny, inbred fucking ugly neck. 

Fri, 11/23/2012 - 13:44 | 3006809 dinastar2
dinastar2's picture

Van Rompuy is another brussels burocrat with a net yearly salary of 400,000 € free of tax , plus 40 persons office , inclusing cook, chauffeur, ..Funny how those burocrats who are so vocal against tax havens have succeeeded to create one huge tax haven in the center of Brussels just for them and their 37,000 cronies ! The reason invoked is not that hey are extra-territorial like a foreign ambassador but that they are Far from home ! Guess how much an usherer receive at the EU ? 5,000 €/monthtax free !

Fri, 11/23/2012 - 13:47 | 3006821 Arbysauce
Arbysauce's picture

The one thing he wants to get across: You really really need us. 'Cause if the 'crats didn't say it, no one would think it.

Fri, 11/23/2012 - 13:49 | 3006827 ziggy59
ziggy59's picture

Looks like fill in for Gollum.

Fri, 11/23/2012 - 13:56 | 3006857 Wakanda
Wakanda's picture

Both crave their "precious".

Fri, 11/23/2012 - 13:50 | 3006831 Joebloinvestor
Joebloinvestor's picture

Nigel must be shaking his head and laughing at the same time.

A 7 year budget?

C'mon, tthe EU has a weekly if not daily crisis.

Fri, 11/23/2012 - 14:47 | 3007022 RopeADope
RopeADope's picture

We have decided to not exceed our budget so we will finalize our 7 year budget 7 years from now.

Fri, 11/23/2012 - 14:39 | 3006996 Yardfarmer
Yardfarmer's picture

budget as a necessary framework for the maintenance of macroeconomic affairs has lost all meaning and relevance. the US has been absent one for the past three years. we are in the process of watching all economic metrics disappear into an indiscernible haze of financial fraud, statistical manipulation and exponentially ballooning and impossibly complex contractural counter party obligations. 

Fri, 11/23/2012 - 15:23 | 3007113 HD
HD's picture

You people are awful. Criticizing a man clearly in the middle of a mild stroke. Transient ischemic attacks are common before the big one hits...and hit the EU it will.

Fri, 11/23/2012 - 15:46 | 3007156 americanspirit
americanspirit's picture

What I find very difficult to understand is how such people manage to convince themselves that they are actually doing worthwhile work. They must do so or else they wouldn't be able to stand getting up in the morning. What pointless little lives, and what horrors their self-absorbed piddling creates in the lives of so many others.

Fri, 11/23/2012 - 16:34 | 3007246 newworldorder
newworldorder's picture

The great game continues. When one has no legitimate power, the game is all there is. Only torches and ptichforks will save the European masses. They are so far removed from that however that it is inconceavable to them.

Better the "knowns" of timidity and peace rather than their experiences of war and famine for the greater part of the 20th century.

Fri, 11/23/2012 - 17:01 | 3007302 DollarDive
DollarDive's picture

Just another economist/central banker.....  THE ELITE.


"Born in EtterbeekBrussels, to Dr (later Professor) Vic Van Rompuy and Germaine Geens,[9] he attended Sint-Jan Berchmanscollege in Brussels (until 1965), where Ancient Greek and Latin were his main subjects. During his early teens, he was an avid rock and roll fan, especially of US singer Elvis Presley. Later he studied at the Katholieke Universiteit Leuven and received a bachelor's degree in philosophy (1968) and a master's degree in applied economics (1971).[10] He worked at the Belgian central bank from 1972 to 1975.[11]

From 1980 to 1987 he was a lecturer at the Handelshogeschool Antwerpen (now Lessius University College); from 1982 he also was a lecturer at the Vlaamse Economische Hogeschool Brussel (VLEKHO now Hogeschool Universiteit Brussel).[10]"

Fri, 11/23/2012 - 18:06 | 3007429 MillionDollarBoner_
MillionDollarBoner_'s picture


There...fixed it for y'all !;O)

Sat, 11/24/2012 - 00:16 | 3008061 Non Passaran
Non Passaran's picture

Don't say that.

He is a distinguished haiku poet.

Sat, 11/24/2012 - 07:33 | 3008228 MillionDollarBoner_
MillionDollarBoner_'s picture

Ex-professor cunt

Belgian central banker cunt

EU leader cunt

Fri, 11/23/2012 - 17:05 | 3007312 lolmao500
lolmao500's picture

Will someone Archiduke Ferdinand this asshole already?

Fri, 11/23/2012 - 17:17 | 3007336 Shigure
Shigure's picture

Biggest single item in EU budget:

364 Billion Euros on Agriculture and Fisheries

BBC research has found that over the last 10 years The Queen has received £7 million of EU money.

One of the projects funded by the EU:

196,000 Euros for a Nomad Puppet Academy

Source BBC Newsnight

about 5 minutes in

Fri, 11/23/2012 - 19:29 | 3007594 Coldfire
Coldfire's picture


Fri, 11/23/2012 - 23:13 | 3007997 Tommy Gunner
Tommy Gunner's picture

Watch as Nigel Farange destroys rumpty dumpty - this is HILARIOUS!!!

Sat, 11/24/2012 - 02:50 | 3008155 trx
trx's picture

Dear all non-european friends! Go easy on our beloved chairman. He's clearly having a bad day... This is the man who has been standing tall through the whole crisis, refusing to accept reality, constantly encouraging us to think positive and at the same time ensuring us that when it comes to the increasing borrowing costs for troubled countrieas like Spain and Italy, the financial markets are totally out of line and the rating agencies downgrades are ludicrous.

August 2011: 

“Astonishingly, since our Summit the cost of borrowing has increased again for a number of euro area countries. I say astonishingly, because all macro economic fundamentals point in the opposite direction.”

“Economic growth has picked up in Europe and is on average 2.5% in Western European States. Those countries currently in loan programmes will see a return to growth in 2012. As soon as consumers and businesses see that debt levels and deficits are going down, this will have an extra positive effect of boosting consumer confidence and corporate investments. A win-win situation.”

Mr. Van Rompuy truly believes that the cause of the European problems is that the Europeans are too depressed to be creative and innovative.

May 2011:

“Innovation has a lot to do with behaviour, risk taking, motivation and education. You can’t have a society of very creative people only based on financial stimulus,”

“But crisis can be very depressive. Only negative messages from leaders are the wrong message coming out of the crisis. The positive outlook is key for a dynamic society,”

This is the man who fearlessly smiled as he handed out a brochure for the new EU summit venue, and Van Rompuy’s new office complex, /said to have cost €100,000 to print), at a dinner for the EU leaders on June 23 – devoted to a discussion about the threat of Greek bankruptcy and new austerity cuts.


You have Crusty the Clown - we have Herman Van Rompuy (our endless source of amusement):


 EU Leaders Clueless As Borrowing Costs Soars


 Europeans Are Too Depressed To Be Innovative




Do NOT follow this link or you will be banned from the site!