08 Feb '11, 2pm

EU institutions ordered to cut spending

BRUSSELS : The EU's main institutions, from its parliament to the court of justice, have been ordered to cut spending in line with national austerity policies across Europe, a document obtained by AFP on Tuesday said. In a letter dated February 3, budget commissioner Janusz Lewandowski told the European Union's sprawling institutional set-up that they "cannot ignore the broader economic and budgetary context." The European Commission itself would keep the increase in administrative costs below one percent in 2012 compared to this year, he said in a two-page letter. "Reaching this aim will require significant cuts in expenditure for IT, meetings, conference and missions as well as studies and publications." The 27 commissioners heading the EU's executive arm spent almost four million euros in 2009 in trips and missions. Administrative costs are set to amount to 8.3 billion ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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