Economic and Financial Affairs Council (Budget): extracts from the press conference by Hans Lindblad, State Secretary to Swedish Minister for Finance
The European Ministers in charge of Budget met for the first time under the Swedish Presidency of the European Union, with the aim of reaching an agreement on the draft budget for the financial year 2010.
The Council met with a delegation from the European Parliament and then established the draft 2010 budget, closing herewith its first reading on the preliminary draft budget submitted by the European Commission in April 2009.
Against the background of the current economic and financial crisis, "this agreement seeks to strike a sound balance between targeted cuts in some areas and the financing of political priorities such as measures stimulating growth and employment", told Hans Lindblad, State Secretary to the Swedish Ministry for Finance, when entering the Council building. SHOTLISTLINK