A budget deal that the EU will come to regret

Herman Van Rompuy, the president of the European Council, is to be applauded for his efforts, but sadly this is not the long-term budget that was needed.

It could have been worse. The deal agreed between members of the European Council on the European Union’s budget for 2014-20 is at least a deal. If last week’s summit had broken up in acrimonious dispute then the damage would have been much worse.

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