12 February 2001, 16:27 ECOFIN EU approves 971 mln eur extra budget for 2001
BRUSSELS (AFX) - EU finance ministers have approved the 971 mln eur
EU supplementary budget for this year to cover beef industry costs in
the wake of the BSE (bovine spongiform encephalopathy) cattle disease
crisis, officials said.
The money comes from a margin within the existing 2001 budget.
Though European budget commissioner Michaele Schreyer said fresh
money may be needed to finance costs of the BSE crisis, several
ministers stressed spending must remain within the long-term financial
guidelines agreed in 1999, they said.
German finance state secretary Caio Koch-Weser told journalists any
extra money for beef must come from within the EU's planned budget.
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