Budget debate in EU pits large states vs. small

Article Abstract:

The European Union budget is at issue at a summit of the European Union leaders in Brussels over the next two days. The European Union wants 1.24 percent of gross domestic product from each country, while the big net contributors want to pay one percent of the gross domestic product, down from 1.11 percent. The difference of a 2007 budget is between 133.6 billion Euros and 108 billion Euros.

Government expenditures

---

EU leaders reach a new budget deal

Article Abstract:

European Union leaders have approved a new 862.4 billion Euros ($1.04 trillion) seven year budget, lifting a crisis of confidence. The ten newest countries, mostly Eastern European are to receive approximately 270 billion Euros. The issue of cutting agricultural-subsidies has been tabled until 2008 and could stall further trade talks.

Eastern Europe, Budget, Federal budget

---

Belgacom wants to buy Vodafone's stake in unit

Article Abstract:

Belgacom S.A. of Belgium is eager to buy out Vodafone PLC of the United Kingdom for its 25 percent stake in cellular telephone subsidiary, Proximus. Belgacom shares are up because of buyout talk. The stake is valued at 1.4 billion Euros ($1.7 billion).

United Kingdom, Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Financial management, Belgium, Finance, Cellular telephone services industry, Cellular telephone services, Vodafone Group PLC, Company financing, Wireless telecommunications service, Proximus

Similar abstracts:

• Abstracts: Britain's NTL in talks to buy Virgin Mobile. Vodafone looks to emerging markets. China Mobile nears $5.3 billion deal for Millicom
• Abstracts: Changing patterns of global staffing in the multinational enterprise: challenges to the conventional expatriate assignment and emerging alternatives
• Abstracts: Russia's Gazprom warns Belarus it will cut gas supply due to debt. Exxon, China reach tentative deal on Russian gas
• Abstracts: Disney to buy U.K. Sports Channel in bid to expand reach of ESPN. Ono believes ties with Auna hold promise

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.