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6/16/05

Expatica - Schroeder prepares for cash battle at Crunch EU Summit

ExpaticaSchroeder prepares for cash battle at Crunch EU Summit

A show-down is expected at the Brussels meeting amid intense pressure on leaders of the 25-nation bloc to agree a budget for the period 2007 to 2013 after rejection of the European Union (EU) constitution by French and Dutch voters earlier this month. The sums involved are enormous: EU spending for the seven-year period is estimated at about EUR 800 billion.

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