Italy will refuse "unacceptable solutions" to EU budget - Monti
November 23, 2012 3:14 AM EST
Italian Prime Minister Mario Monti said on Thursday that Italy has been disproportionately penalised by the European Union budget up to now and it would refuse any "unacceptable solutions" that emerge from talks.
European Union leaders are facing a long and bitter tussle to agree future spending plans worth 1 trillion euros ($1.28 trillion) at the summit in Brussels.
"It is absolutely essential that Italy obtains better results than those presented in initial drafts, on the cohesion funds, agricultural funds, and on mechanisms," Monti told reporters as he arrived for the summit in Brussels.
"We will not accept solutions that we consider unacceptable," he said, adding that Italy would still be willing to work in a constructive way with EU partners if a deal was not reached at this summit.
Italy's Minister for European Affairs Enzo Moavero said on Wednesday he saw a significant chance that leaders would reach an agreement during the meeting but he has also said Italy would be ready to block an agreement if no suitable deal were reached.
(Reporting By Francesco Guarascio, writing by Catherine Hornby)
Most Popular Slideshows
- Pope Francis Meets Sudanese Woman Who Was Spared Death for Apostasy (PHOTOS)
- Malaysia Airlines Flight MH17: King Williem-Alexander, Queen Maxima Hold Solemn Reception Ceremony for Victims
- Jennifer Lawrence & Nicholas Hoult Allegedly Split: Mad Max Actor Cheats with Kristen Stewart & Riley Keough - Reports
- Transfer News: FC Barcelona Shockingly Sign Valencia Defender [PHOTOS]
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Apple iPhone 6 on Two Confirmed Release Dates, New Parts Leaked Suggesting Bigger iPhone to Come
- Xiaomi Mi4 vs OnePlusOne vs Nexus 5: Mi4 is the ‘Perfect’ Phone
- Israeli Women Stripping Naked for IDF Soldiers
- Google Nexus 6, 8 with Android L on Release Date Promises Killer Mobile Device Experience
- HTC One M8 Android 4.4.3 KitKat Update Roll Out, Introducing the HTC One Remix
- Shocking Video of Pedigree Dog Culling in Bali Emerges [Video]
- Sony Xperia Z3 Specs Leaked with More Killer Features Ahead of Samsung Galaxy Note 4, iPhone 6