EU Budget Showdown Pits Bee Subsidies Against Veto Threat

Posted by Forexsq 707 days ago (http://www.bloomberg.com)
img A sum equal to 1 percent of the European Union’s gross domestic product will devour 100 percent of the bloc’s political energy when leaders square off over subsidies for everything from bridges and windmills to olive trees and the dwindling honeybee population.

The euro debt crisis and a deadlock over Greek aid raise the stakes for EU budget talks starting today in Brussels, testing whether the 27-nation bloc is heading for more integration and whether Britain, a foe of EU spending since the days of Margaret Thatcher, will finally say it’s had enough.

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