The European Union has clinched a deal on a sharply trimmed 2014 budget after a marathon 16-hour session ending a long dispute over how best to spend taxpayers' money.
After decades of growth, next year's EU budget is set to be around 7% lower than this year's at 135.5 billion Euros in contributions by member states. Read more.
MercoPress
EU approves 2014 budget 7% lower; 62bn Euros to stimulate growth and jobs
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