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Europe Daily Bulletin No. 10430

30 July 2011
GENERAL NEWS / (ae) eu/budget
2014-2020 framework - Council hopes to unlink revenue/ spending

Sopot, 29/07/2011 (Agence Europe) - At their informal meeting in Sopot on Friday 29 July, EU European affairs ministers fought for there to be a disassociation of debate between revenue and spending in the next financial framework for 2014-2020 - something which MEPs refuse.

In terms of revenue, the Commission proposes to do away with the VAT own resource while at the same time establishing new own resources, including the financial transaction tax (FTT) and the creation of a new VAT...