The Mitchell Group

Management - Oversight - Efficiency

EU budget deal freezes foreign aid spending

:: by Cou Kalantary :: In the News
EU budget deal freezes foreign aid spending

After tense negotiations in Brussels, European leaders reached a historic budget-cutting deal on Friday – but appeared to have spared foreign aid.

The €908 billion deal cuts the EU budget for the first time, and it effectively freezes the regional bloc’s aid budget at current levels – a win, perhaps, for a nervous aid community which had lobbied for a slight funding increase but feared drastic cuts after a proposal that stalled last November included just that.

Still, the agreement may make it harder for European member states to reach their goal of spending ...