BERLIN: The European Union (EU) kicked off 2012 already 11 billion euros (US$14.6bil) in the red, its budget commissioner told a German newspaper.
Commissioner Janusz Lewandowski warned that he would be forced to press the EU’s 27 member states for more funding to make up for any shortfall. The EU had received a large 15-billion-euro bill for structural aid at the end of last year and had only been able to foot part of it in 2011, he said accounting for the 2012 deficit.
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