EU budget cut close to agreement. Probably

EU budget cut close to agreement. Probably


After a long night of deals, European Council president, Herman Van Rompuy finally tabled his budget proposals at 6am on Friday morning after yet another marathon summit. His proposal was to cut the budget from €942.8 billion to €908.4 billion together with a cut in the ‘commitment ceiling’ from €993.6bn €960bn for 2014-20.

The deal was praised by those who were looking to decrease the budget, led by the UK, Germany, Netherlands and Finland, but was criticized by other figures for...


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