Earlier this month EU leaders agreed for the first time ever to a cut in the long term budget of the European Union.
At that meeting, hawkish countries such as the UK, Denmark and Sweden managed to achieve an agreement that will reduce the 2014-2020 budget from €977 to €960 billion.
But the budget drama is not over. New for this budget process is that the European Parliament gets to accept or reject the result of the summit.
Top MEPs have so far expressed mostly negative s...
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