Brussels, 19/10/2010 (Agence Europe) - On Tuesday 19 October, the European Commission suggested that funding of the European budget should be reformed, including through the creation of a European VAT to reduce the contributions of member states to EU coffers. The Commission is cautious when it comes to spending. Its targeted proposals on the next multiannual financial framework (post 2014) are not due until spring 2011.
“At times when public spending is under pressure, we suggest ways to...