The EU needs an extra €3.9 billion if it is to pay its bills in 2013, the bloc’s budget chief announced on Wednesday (25 September).
The demand for extra money, which comes just months after MEPs and ministers agreed to provide a further €7.3 billion to the original budget, is based on information submitted by governments estimating how much money will be needed to cover payments related to cohesion policy.
In a statement on Wednesday (25 September), EU budget commissioner Janus...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.