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FEB 08, 2013 - The Guardian

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EU agrees historic budget deal after all-night talks

European Union leaders agree €34.4bn (£29bn) cut over next seven years after 25-hour discussions likened to 'a bazaar'European leaders have finally agreed a budget deal for the rest of the decade after a marathon 25-and-a-half hour negotiation session in Brussels, that will lead to the first cut in EU spending in its 56-year history.Herman Van Rompuy, the president of the European Council who chaired the negotiations, broke the news on Twitter. He tweeted at 4.22pm local time on Friday: "Deal done! #euco has agreed on #MFF for the rest of the decade. Worth waiting for."David Cameron, who had ... Read More

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