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Image header Agence Europe
Europe Daily Bulletin No. 10782
EUROPEAN COUNCIL / (ae) budget

European Council agrees budget cut deal for 2014-2020

Brussels, 08/02/2013 (Agence Europe) - It was a happy ending despite the fact that moderation triumphed. On Friday 8 February in Brussels, EU leaders managed, after 24 difficult hours of negotiation, to reach an agreement on the multiannual financial framework 2014-2012. The European Parliament (EP), however, is not pleased with the result and it will now be necessary to negotiate with the Parliament, especially on budgetary flexibility, in order to gain its approval. The EP is, in fact,...