After over 16 hours of negotiations we have reached an agreement on the EU budget for 2014. I am pleased that the deal between the European Parliament and the Council provides much needed investment opportunities to Europe's businesses, scientists, towns, regions and students at a time when investing is much needed.
I can only commend the European Parliament, the Lithuanian Presidency of the Council and behind it Europe's Member States for the spirit of cooperation that prevailed throughout this negotiating process as well as for the compromises that they have been willing to make in order not to fail all those across Europe who await EU funding.
Tonight's agreement also constitutes a crucial step in the direction of the adoption of the next Multiannual Financial Framework (the 2014-2020 MFF).
Full press release (EN)