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EP blocks European long-term budget

The European Parliament has blocked the EU long-term budget on March 13. The European Council agreed on the Multi-Annual Financial Framework on February 8, but the Members of European Parliament rejected the agreement. At the same time they issued a statement that they demand more flexibility in the budget.

http://www.europarl.europa.eu/news/en/headlines/content/20130313STO06477/html/Schulz-EP-will-block-EU-long-term-budget-until-its-demands-are-met