Red Ice News
The Future is the Past
EU approves first ever spending cut
The European Union’s parliament has finally approved the first spending cut in the history of the 28-nation group.
Over two years of haggling finally ended when the EU legislature approved the budget, which will fall to 960 billion euros ($1.3 trillion US budget) for the seven years between 2014 and 2020.
The cut had been sought by several EU countries which wanted to see austerity at the EU level at a time when many were pursuing cutbacks at home.
Read the full article at: cbc.ca
READ: EU president muzzles auditors who have refused to sign off the bureaucrats’ accounts for last 18 years
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