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.

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achmachat's picture

he should have said: "my preciouuusssssss!!"

same outcome.

fonestar's picture

Van Rompuy looks like the Grinch who stole Europe

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."

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.


PUD's picture

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

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


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.

The Final Countdown's picture

With Barroso they failed on the malevolence bit though

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.

NorthPole's picture

he is a ... are you poet.

NorthPole's picture

he is... are you poet.

Winston Churchill's picture

Schizophrenic is the correct diagnosis.

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

Non Passaran's picture

He's the both.
An idiotic dellisioned liar.

DavidC's picture





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

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

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.

swissaustrian's picture

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

rockraider3's picture

The Herman Van Rumproast was a little dry this Thanksgiving.

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.

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.

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.

SaveTheBales's picture

Dude. You worry too much.

Progress from Congress? 

Stop it.  My sides are starting to hurt.


BrigstockBoy's picture

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


zilverreiger's picture

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

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?

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?

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.

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

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.

MillionDollarBoner_'s picture

What he actually said was

"Ik ben een paardelulle"

petolo's picture

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

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.

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

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. 

omniversling's picture

...plus 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'...ie, 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..

Shigure's picture

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

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) 

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

knukles's picture

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

You didn't pay yourself that yourself.

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.

blindman's picture

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

Posted on November 23, 2012 by maxkeiser
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