EU's grand ambitions threatened by budget dispute | Bangkok Post: news

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EU's grand ambitions threatened by budget dispute

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The European Union's massive spending on farm subsidies and infrastructure projects will be in the spotlight at difficult talks this week to set the bloc's next longterm budget. 

The M31 highway under construction between Godollo and Budapest in 2009. Farm subsidies and infrastructure projects will be under discussion at European Union budget negotiations this week.

Sources at both the European Commission and the European Parliament say EU leaders will be looking to trim a further 20 to 25 billion euros ($30-$35 billion) off the almost trillion-euro ($1.36 trillion) budget for 2014-2020 at a February 7-8 summit.

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