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Europe Daily Bulletin No. 10721

31 October 2012
INSTITUTIONAL / (ae) budget
Presidency suggests savings of at least €50 billion for 2014-2020

Brussels, 30/10/2012 (Agence Europe) - In the evening of Monday 29 October, the Cypriot Presidency suggested cut of at least €50 billion in the European Commission's initial proposals for the multiannual financial framework (MFF) for 2014-2020 to facilitate the negotiation of a compromise at the European Summit in Brussels on 22 and 23 November. The presidency's document sets out figures, ranges of figures and cuts for each heading and sub-heading. The presidency says the document is a...

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