Thursday, November 19, 2009

EU budget for 2010 to increase by six percent

Following tough negotiations, European Union (EU) governments and the European Parliament have agreed on the bloc's budget for 2010.

A decision was reached to increase expenditure by six percent to 122.9 billion euros (about $183 billion), EU diplomats said Wednesday night in Brussels. The budget must still be approved by parliament in December. read more news.

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