Connect to share and comment

EU claws back 400 mn euros in farm spending

The European Commission said Tuesday it is asking member states to pay back some 400 million euros in farm funds for non-compliance with EU rules. The Commission said it expected a net repayment of 393 million euros, led by Britain with some 138 million euros, after checks on the way Common Agricultural Policy funds were spent. In a regular accounting exercise covering several years, the Commission said 22 member states were involved, with most of the violations technical or bureaucratic.

Outline of the EU budget 2014-20

European leaders agreed their first ever cut to the bloc's budget Friday. The austerity budget for 2014-20 is around three percent thriftier than the previous spending plan, while sparing certain core programmes such as the Common Agricultural Policy and Cohesion Funds used to help poorer regions. Here is an outline of the budget deal: FIGURES

EU poised to adopt first ever austerity budget

EU leaders appeared ready Friday to cut back the bloc's budget for the first time in six decades, with a tentative agreement to trim spending by three percent emerging from marathon talks. After 24 hours of talks lasting through the night, the bloc's 27 leaders were due to return to the negotiating table at 1330 GMT after ironing out fresh differences. British Prime Minister David Cameron, apparently backed by German Chancellor Angela Merkel, led a sustained push to prevent any increase in spending at a time of austerity for all.
Syndicate content