Brussels, 27/05/2015 (Agence Europe) - On Wednesday 27 May, the European Commission presented a fairly tight draft budget for the European Union for 2016, with commitment appropriations down by 5.2% (to €153.5 billion) and a slight increase (+1.6%) in payment appropriations (to €143.5 billion, which represents 0.98% of the gross national income of the EU).
The Commission says that the proposed level of payment appropriations includes the credits needed progressively to reabsorb the...