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Failure to agree a budget would see this year's figures rolled over on a month-by-month basis (Photo: EUobserver)

Progress in rush to secure EU budget before Christmas

A series of compromises and a new draft of next year's EU budget has increased optimism that member states and the European Parliament can reach a deal on the 2011 spending plan before Christmas. But parliament's call for a role in discussions over the bloc's next multi-annual budget (post 2013) could still scupper a final accord.

Friday's publication (26 November) of the draft 2011 EU budget by the European Commission, several days earlier than previously expected, follows a breakdown ...

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Failure to agree a budget would see this year's figures rolled over on a month-by-month basis (Photo: EUobserver)

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