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EU aid money now comes with macro-economic strings (Photo: EnvironmentBlog)

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New EU regional aid rules have inbuilt 'tensions'

New rules governing how EU aid money is spent has already resulted in better thought-out projects, says the European Commission, but local politicians grumble that they continue to drown in red tape.

In place for the 2014-2020 budget period, the revamped system links regional aid money (€325bn over the seven years) to sound economic governance and requires projects to slot in with the EU's long-term economic goals.

EU regional affairs commissioner Johannes Hahn says there has been...

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