After eighteen hours of talks EU leaders early Friday morning (8 February) agreed to a total EU budget of €960 billion for the next seven years, which is smaller than the current €1 trillion budget.
The farm budget is to be cut from the current €421bn to €373bn. Cohesion funds, the second largest part of the budget, is to be cut from the current €355bn to €325bn.
If the overall figures are finally agreed, it would be the first time the bloc has cut its budget in its 56-year histor...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.