Friday, February 8, 2013

Voice of America: EU Leaders: 'Deal Done' on Long-Term Austerity Budget

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
EU Leaders: 'Deal Done' on Long-Term Austerity Budget
Feb 8th 2013, 17:51

European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.   The expected deal met the demands of northern European countries such as Britain and the Netherlands that wanted belt-tightening, while maintaining spending on farm subsidies and infrastructure to satisfy the likes of France and Poland.   It will be the first net reduction ...

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