British Prime Minister David Cameron on Friday insisted that he would not pay an EU bill for an additional 2.1 billion euro (US$2.65 billion) contribution to the EU coffers at a time of increasing pressure at home for the nation to leave the bloc.
Thumping his fist in frustration, Cameron said “people should be in no doubt: as an important contributor to this organization, we are not suddenly going to get out our checkbook and write a check for 2 billion euros. It is not happening.”
Cameron said asking Britain for a top-up of some 20 percent in its contributions on short notice “is an appalling way to behave. We are not paying that bill on the first of December.”
The Netherlands too has been asked for a big top-up, of 642 million euros, which Dutch Minister of Finance Jeroen Dijsselbloem labeled as “extremely surprising, unpleasantly surprising.”
The EU Commission said the demand stemmed from the fact that the economies of some nation, like Britain, have grown more than expected at the start of the year.
Contributions are made according to economic size.
“This should not have come as a surprise” to Britain and other nations, since it was based on national statistics, EU Commission President Jose Manuel Barroso said. “We have been careful not to politicize the process we have been asked to administer” by the member states.
Cameron and Dutch Prime Minister Mark Rutte already discussed a common protest at the EU summit, which ended on Friday.
The Netherlands too is facing an increasingly vocal anti-EU camp.
“We are not going to take this lying down,” Dijsselbloem said.
Cameron said EU finance ministers would discuss the issue at an emergency meeting he had called for.
A longtime reluctant member of the EU, Britain has seen a surge in the popularity of the UKIP party, which wants to get Britain out of the EU, claiming its bureaucracy is profligate.
“The EU is like a thirsty vampire feasting on UK taxpayers’ blood. We need to protect the innocent victims, who are us,” UKIP leader Nigel Farage said.
The request for the budget top up comes at a time when Cameron has been telling his EU counterparts how well the British economy is doing in the face of the flagging fortunes on the continent, where even Germany is facing sagging growth.
Official figures on Friday showed Britain’s economic recovery is continuing despite a gloomy world environment.
GDP grew 0.7 percent in the three months through last month compared with the previous three months, remaining among the strongest growth rates among developed economies.
British Chancellor of the Exchequer George Osborne said the figures show that Britain “continues to lead the pack in an increasingly uncertain global economy.”
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
RSS