The Cypriot presidency has proposed cutting €50 billion off EU spending plans for 2014 to 2020 - a number that could trigger national vetoes and strikes by EU staff.
The Cypriot paper, circulated late on Monday (29 October), said spending should be "at least" €50 billion less than the European Commission's figure of €1,033 billion over the next seven years.
It added: "According to the assessment...
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