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EU Update
Trilogue agrees on ITER financing
The trilogue of the European Council, Parliament and Commission have reached full agreement on the funding of the experimental reactor 'ITER' for the next two years.
Budget Commissioner Janusz Lewandowski did not hide his relief that the extra finances of ITER were covered. “The EU could not afford to lose credibility vis-à-vis its international partners involved in the project,” Lewandowski said.
Lewandowski added that the budgetary deal was made possible “thanks to the positive spirit shown by the representatives of both the Council and the Parliament”.
The agreement will have to be formally adopted by the Council and the Parliament. €100 million have already been included in the 2012 budget for the ITER and additional €360m in commitments will be made available in the 2013.
New long-term financing will provide ITER with €840m from increasing the ceilings for competitiveness for growth and employment and compensated by decreases for natural resources and administration.
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