Reuters: An EU budget haggled out in marathon talks on Friday cut deeply into a new transport and energy fund and sacrificed ambition to make farming greener, but broke ground by committing a fifth of spending to the climate.
Spending for cross-border transport, energy and telecoms projects was one of the main victims of the focus on austerity.
It was chopped to just under $40.14 billion, down from an initial proposal that had earmarked 50 billion.
"This is at least a door opener for interconnecting...