EU leaders OK slimmer budget

The $1.28 trillion, 7-year deal awaits parliamentary approval

Posted: February 9, 2013 at 3:22 a.m.

German Chancellor Angela Merkel and French President Francois Hollande arrive for a news conference Friday at the conclusion of the European Union’s budget summit in Brussels.

European Union leaders agreed Friday to a significantly reduced 7-year budget worth $1.28 trillion — the first cut in spending in the 27-country group’s history.

This story is only available from our archives.

Business, Pages 27 on 02/09/2013


« Previous Story

In U.S., supplies decline by 0.1%

Inventories at U.S. wholesalers unexpectedly fell in December for the first time in six months as companies tried to keep pace with cooling sales. Read »

Next Story »

Anemic job growth predicted

J.B. Hunt’s John Roberts III (from left), Adolfo Laurenti of Mesirow Financial, Christopher Waller of the Federal Reserve Bank of St. Louis and University of Arkansas economist Kathy Deck discuss economics Friday.

The Arkansas economy is going to limp along until the state sees steady job growth, a University of Arkansas e... Read »