EU budget summit begins today

European Union chief Van Rompuy had last week tabled a draft EU budget aiming to mollify Britain, which wants deep reductions to EU spending plans.

Last Updated: Nov 22, 2012, 11:50 AM IST

Zeebiz Bureau

New Delhi/Brussels: EU budget is all set to be unveiled during the two-day summit that begins in Brussels starting Thursday.

European Union chief Van Rompuy had last week tabled a draft EU budget aiming to mollify Britain, which wants deep reductions to EU spending plans.

Van Rompuy's draft would reduce the roughly 1 trillion euro (USD 1.3 trillion) budget for 2014-2020 proposed by the European Commission by about 80 billion euros and will be discussed by EU leaders aiming to strike a deal at the summit.

With Agency Inputs