The European Council brought together the Heads of State or government of the EU. Despite the ratification of the European Constitution by 10 Member States, the Council considered that the "no" in the referenda by the French and Dutch people "expressed the worries and concerns which must be taken into account". It therefore decided that a new period of reflection and explanation had to be opened. An assessment of the ratification process should be established during the first half of 2006. An agreement on the financial perspective for the EU for the period 2007-2013 could not be found. Some States, including France, insisted on the revision of the rebate granted to 3 countries for the financing of the EU. Other States linked this debate to a thorough review of the European budgetary process, involving a reduction in the weight of the CAP. The Luxembourg Presidency presented a compromise that was rejected by the British Government, who takes over the Presidency of the EU as from 1 July 2005.
European and British flag Reference:P-011409 Date:16/06/2005
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