Blog post from London School of Economics & Political Science
Abstract
The EU’s budgetary framework works in seven year cycles with negotiations now on-going for the upcoming 2014-2020 spending programme. Ahead of a special summit on the EU’s budget next month, Giacomo Benedetto and Simona Milio write that while the budget is relatively small compared to the EU’s gross national income, expected cuts mean that investment programmes which can make a difference in light of the eurozone crisis may be under threat
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