After eighteen hours of talks EU leaders early Friday morning (8 February) agreed to a total EU budget of €960 billion for the next seven years, which is smaller than the current €1 trillion budget.
The farm budget is to be cut from the current €421bn to €373bn. Cohesion funds, the second largest part of the budget, is to be cut from the current €355bn to €325bn.
If the overall figures are finally agreed, it would be the first time the bloc has cut its budget in its 56-year histor...
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