The European Union’s parliament approved a lower seven-year EU spending cap demanded by government leaders, ending a 29-month political battle dictated by Britain and other opponents of a bigger budget.
The European Parliament endorsed a call by national leaders in February to fix the EU’s budget for 2014-2020 at €960 billion. The sum, down from an original proposal in June 2011 of 1.047 trillion euros and less than the €994 billion committed in...
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