EU ministers extend British bill deadline to Sept 2015: sources

7th November 2014, Comments 0 comments

EU finance ministers agreed Friday to extend a December 1 deadline for Britain to pay a huge 2.

1-billion-euro bill until September 2015, but the amount is not changed for now, sources said.

British Prime Minister David Cameron, who faces a general election in May, had warned of a "major problem" if his demands for an extension and a reduction were not met.

"The agreement will include instalments until first of September 2015," one European source told AFP.

The source added that ministers had recognised the "unique situation" and asked the European Commission, the EU's executive arm, to "change the rules"The EU made the demand in October after recalcuating the budgets of member states going back several years.

Another European source said the amount of 2.

1 billion euros ($2.

6 billion) -- arrived at after recalculation -- would remain the same for now but that it could be renegotiated after the British elections.

"The amount demanded from Britain is unchanged, but the British can pay when they want up to September 1," the source said, adding that negotiations on the amount could be included in talks on the EU's 2016 budget.

"They could pay after the elections.


© 2014 AFP

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