European Council: all arrivals
Lieu: Brussels, Belgium - Council / Justus Lipsius
End production: 08/02/2013 First transmission: 08/02/2013
After a 2-hour break early Friday, EU leaders resume negotiations on the proposal for the bloc's 2014-20 budget to be cut to 960 billion Euros.
The EU are still debating behind closed doors on the second day of the EU summit, more than 17 hours after they first started discussing the spending plans in Brussels.
If approved, the 960-billion-euro figure would be 34.3 billion euros lower than commitments in the 2007-13 budget.
The European Commission, the EU's executive, had initially sought 1.05 trillion euros in commitments. The cuts proposed by EU President Herman Van Rompuy would be sweetened by more flexibility between the annual budgets that will have to be formulated over the seven years.
Large infrastructure projects would be particularly hit hard under the cuts foreseen by Van Rompuy. More funding would be earmarked, however, to fight youth unemployment - a total of 6 billion euros, with half to come from the European Social Fund.
Britain, Germany and other northern nations had pushed hard for cuts, arguing that EU spending cannot rise when they have to apply painful austerity measures back home.
Their demands for a budget that would amount to 1 per cent of the EU's gross national income would be met by Van Rompuy's proposal. But southern and eastern European countries put up a fight, fearing that their poor regions would lose crucial EU support and arguing that reductions would undercut growth. The leaders are under pressure to deliver a deal this week, after a first budget summit in November did not produce an agreement.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Angela Merkel, German Federal Chancellor
||Dalia Grybauskaité, Lithuanian President
||Werner Faymann, Austrian Federal Chancellor
||Robert Fico, Slovakian Prime Minister
||Jyrki Katainen, Finnish President
||Valdis Dombrovskis, Latvian Prime Minister
||Mariano Rajoy Brey, Spanish Prime Minister
||Pedro Passos Coelho, Portuguese Prime Minister
||Antonio Samaras Greek Prime Minister
||Lawrence Gonzi, Maltese Prime Minister
||Viktor Orbán, Hungarian Prime Minister
||David Cameron, British Prime Minister
||Helle Thorning-Schmidt, Danish Prime Minister
||Janez Jansa, Slovenian Prime Minister
||Frederik Reinfeldt, Swedish Prime Minister
||Jean-Claude Juncker, Prime Minister of Luxembourg
||Zoran Milanovic, Croatian Prime Minister
||Demetris Christofias, President of Cyprus
||Enda Kenny, The Taoiseach, Irish Prime Minister
||Catherine Ashton EU High Representative / EC Vice President
||Elio Di Rupo, Belgian Prime Minister
||José Manuel Barroso, EC President