Solbes predicts Spain will get less EU aid

23rd November 2004, Comments 0 comments

23 November 2004, MADRID- Spain will get less financial help from the EU when the next budget is drawn up in 2007, the minister of economy and treasury predicted.

23 November 2004

MADRID- Spain will get less financial help from the EU when the next budget is drawn up in 2007, the minister of economy and treasury predicted.

Pedro Solbes said if EU help fell this would be in keeping with Spain's national income.

Speaking to the Spanish Senate, the upper house of parliament, Solbes dismissed claims the country's regions would lose out on EUR 40 million-worth of investments from EU funds, a claim made by the opposition Popular Party.

He said: "You can make all the calculations that you want."

Solbes said the financial plans of the EU were still being worked out and once the budgets were drawn-up, Spain will have to reach an agreement with Brussels.

Solbes said he supported the pact between Spain, Portugal and Greece to defend their common interests on EU aid.

Spain, Portugal and Greece have so far been the biggest recipients of EU aid from the original 15 members, before the arrival of ten new countries in May.

[Copyright EFE with Expatica]

Subject: Spanish news

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