The long-running dispute on EU spending has moved a step closer to compromise after ministers and MEPs agreed an EU budget for 2014.
Under a deal clinched in the small hours of Tuesday morning (12 November), the 2014 budget now amounts to €142.6 billion in commitments and €135.5 billion in payments.
The compromise is nearly €500 million more than the figure proposed by ministers, but €400 million less than the figure demanded by MEPs last month.
It represents a 9.4 percent...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.