BRUSSELS (AP) - The European Union on Wednesday proposed a budget worth 1.025 trillion (US$1.48 trillion) for the seven years between 2014 and 2020, up 5 percent from the previous budget period.
The budget outline from the European Commission, the EU's executive, kicks off months of wrangling with the 27 member states, which are determined to keep spending down and the European Parliament, which will seek as much input as possible on where the money goes.
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