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EU budget agreed after MEPs settle for 3.8-billion spending hike
EU Observer ^ | 12.12.12 @ 20:48 | Benjamin Fox

Posted on 12/12/2012 11:50:50 PM PST by Olog-hai

The 2013 EU budget has been agreed after MEPs signed off on a deal worth €132.8 billion ($173.8 billion) in Strasbourg on Wednesday (12 December).

The agreement breaks months of deadlock between MEPs, the commission and national governments.

It increases EU spending next year by just €3.8 billion ($4.97 billion), over €5 billion ($6.5 billion) less than the sums demanded by MEPs and the EU executive.

It also includes a controversial deal providing just €6.1 billion ($7.98 billion) of emergency funding to the European Commission to cover outstanding bills from 2012. …

(Excerpt) Read more at euobserver.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Miscellaneous
KEYWORDS: austerity; eussr; taxincreases; taxtheworld
More socialism that is not for the socialists.
1 posted on 12/12/2012 11:51:04 PM PST by Olog-hai
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