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Is the EU putting its money where its mouth is? (Photo: European Commission)

MEPs lash out at 'selective cuts' in 2006 budget

MEPs have criticised the UK presidency for proposed cuts in the EU’s budget for next year in key areas that would help make the bloc’s sluggish economy grow.

London has proposed cutting the budget for 2006 by €478 million in committment appropriations – money that can be used for projects in future years - and €1.1 billion in payment appropriations – actual transfers of cash for 2006.

During a debate on Tuesday, MEPs lashed out at the fact that a proportion of the cuts are coming ...

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Is the EU putting its money where its mouth is? (Photo: European Commission)

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