EU strikes deal on budget

  • 1999-04-01
  • Daniel Silva
RIGA - Despite predictions to the contrary, European Union leaders managed to iron out an agreement on financial reform during their recent summit in Berlin, setting the stage for the admission of new members from Eastern Europe in the coming years.Since the resignation of all 20 European commissioners on March 16 over allegations of widespread financial mismanagement, many observers had speculated that the summit would focus on the selection of a new commission instead of the financial reform of the Union.But in the end member state leaders spent just two hours on the selection of former I...
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