Wednesday, October 31, 2012

EU draft budget leaves members divided

Battle lines hardened over the EU's next long-term budget as a plan to cut more than €50bn of proposed spending was deemed too meek by the UK and its allies - and rejected as too harsh by the European Commission.

http://www.ft.com/intl/cms/s/0/0cb1b0ba-2262-11e2-8edf-00144feabdc0.html