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Parliament approves EU spending plan

The European Parliament has approved the EU's spending plan for 2007 - 2013 following months of protracted negotiations.

Under the agreement, the bloc's overall budget is up by €4 billion, when compared to what EU leaders agreed in December.

MEPs on Wednesday (17 May) supported the compromise deal struck last month between member states, the European commission and a parliamentary delegation, by a majority of 440, with 190 deputies voting against and 15 abstentions.

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