European Commission OKs Draft EEAS Budget

The European Commission has approved a draft budget worth 475.8 million euros (USD618 million) for the operations of the European External Action Service next year.

Of the amount, 359 million euros will be drawn from the European Commission’s draft budget for 2011, 82 million from the European Council of Ministers’ 2011 draft budget, and 5.2 million euros in new funding. 

European Union chief Catherine Ashton, meanwhile, announced Sept. 15 the first batch of diplomatic appointments for EEAS.

>> Ashton Names First Batch of Diplomatic Appointments

The EU’s new diplomatic corps is expected to commence work on Dec. 1. An initial budget for this year worth 9.52 million euros has been approved by the commission and the General Affairs Council. Members of the European Parliament still has to approve the initial budget, as well as the amended staff and financial rules before EEAS can begin its operations.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.