Basescu will participate in a special summit of the European Council in Brussels on the EU financial framework for 2014-2020.

The resolution was adopted with 237 votes in favor and one abstention.

According to the document, the Parliament supports the propositions made by EC President Jose Manuel Barroso and EP President Martin Schulz.

On the other hand, the Parliament considers that the budget propositions put forward by European Council President Herman Van Rompuy “do not reflect the objectives targeted by Romania,” reads the document. “Romania must argue for significant allocations for the cohesion and common agricultural policies during negotiations on the EU’s 2014-2020 budget.”

Prime Minister Victor Ponta on Tuesday said the budget proposition made by Van Rompuy implies cutting by EUR7 to EUR8 billion the European funds allotted to Romania for the 2014-2020 period.

People close to the matter told Mediafax Tuesday Romania might use its right of veto if Van Rompuy remains firm regarding the reduction of EU fund allocations.