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Let's get connected, says the commission. Member states have yet to be convinced however (Photo: European Commission)

Barroso fights to keep investment pot in EU budget

The European Commission has started banging the drum for new €50bn pot of money that it says will reinvigorate Europe's economy amid fears that penny-counting member states will give it the chop.

With just weeks to go until EU leaders are supposed to decide on the bloc's budget for 2014-2020, commission president Jose Manuel Barroso urged member states to be open to the 'Connecting Europe Facility' (CEF), an investment pot for joining up transport, digital and energy networks.

"Th...

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Let's get connected, says the commission. Member states have yet to be convinced however (Photo: European Commission)

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