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Barroso keeps urging the UK presidency to resume budgetary talks it has previously blocked (Photo: European Commission)

Brussels to press for fund to fight globalisation effects

The European commission is set to re-table its proposal for a €7bn package to help countries affected by globalisation and industry restructuring.

The ‘growth adjustment fund’ proposal will be included in a paper the commission is to adopt next Thursday (20 October) and is to be presented at a meeting of EU leaders later this month.

The Commission was asked to come up with an idea on what Europe should do to meet the challenges of globalisation - but the fund it is proposing is d...

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Barroso keeps urging the UK presidency to resume budgetary talks it has previously blocked (Photo: European Commission)

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