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EU budget summit begins today

Last Updated: Thursday, November 22, 2012 - 11:50

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

First Published: Thursday, November 22, 2012 - 11:50
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