EU Commission eyes budget hike set to anger states

EU Business Tuesday 24th April, 2012

(BRUSSELS) - The European Commission will push Wednesday for a 138 billion euro ($182 billion) EU budget next year, a 6.8 percent increase sure to irk nations pressed by Brussels to slash their own spending.The increase of 9.0 billion euros is needed to cover existing European Union spending commitments, EU sources said.But a diplomat warned that several governments including Britain, France and Germany already find the request unacceptable at a ...

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