AnCaps good news: EU leaders agree 3% budget cut deal in Brussels

EU leaders have reached an agreement on the budget for 2014-20 after lengthy talks in Brussels.

European Council President Herman Van Rompuy announced the deal and said in a statement it was "worth working for".

The new budget ceiling amounts to 960bn euros (£812bn; $1.3tn). It is the first time the EU's multi-annual budget has been reduced.

UK Prime Minister David Cameron, who had been pressing for cuts, hailed it as a "good deal for Britain".

"I think the British public can be proud that we have cut the seven-year credit card limit for the EU for the first time ever," Mr Cameron said.

French President Francois Hollande, who had argued against big spending cuts, said it was a "good compromise".

German Chancellor Angela Merkel also welcomed the deal, which represents a 3.3% reduction from the previous seven-year budget.

http://www.bbc.co.uk/news/world-europe-21386818#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

AnCaps good news: EU leaders agree 3% budget cut deal in Brussels

AnCaps good news: EU leaders agree 3% budget cut deal in Brussels

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