EU agrees historic cut to budget after tough talks | Bangkok Post: news

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EU agrees historic cut to budget after tough talks

European Union leaders agreed the first ever cut in the bloc's budget after all-night talks driven by sharp differences over priorities for the next seven years.

French President Francois Hollande attends a press conference at EU headquarters in Brussels, on February 8, 2013. European Union leaders agreed the first ever cut in the bloc's budget after all-night talks driven by sharp differences over priorities for the next seven years.

"Deal done!" summit chair and EU President Herman Van Rompuy said on Twitter after more than 24 hours of tough talks between the bloc's 27 heads of state and government.

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