Parliament and Council reached agreement on the budget for 2012; this deal, for a budget increase of around 2%, now has formally to be approved by the member states in Council and by MEPs. Parliament's negotiators insisted on increases in the budget for Frontex, the border policing agency, and aid for refugees, and obtained these.
A fifth government fell victim to the EU's financial difficulties last weekend when Spain's voters followed those of Ireland, Portugal, Greece and Italy in throwing the rascals out. On Monday Hungary asked both the EU and the IMF for financial aid.
cf: Graham's Blog: http://grahamwatsonmep.org/en/page/blog

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