EU spending will be slashed by 6 percent next year, according to the 2014 budget tabled on Wednesday (26 June) by the European Commission.
The bloc's structural and cohesion funds, which go to the poorest regions in the 27 member states, are set to be the main casualty, with reductions of 13.5 percent to €47.6 billion.
Meanwhile, spending on the environmental side of the common agricultural policy is to be cut by 4.7 per cent.
Budget commissioner Janusz Lewandowski indicat...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.