Spain's Rajoy rejects proposed 75-bn-euro EU budget cut
World BusinessNov 18, 2012
Spanish Prime Minister Mariano Rajoy on Saturday rejected as "unacceptable" a proposal from EU President Herman Van Rompuy to cut the bloc's 2014-2020 budget by 75 billion euros ($95 billion)."The government does not like this budget and we have made that known to the (European) institutions and we hope that there will be another proposal that will be more reasonable," Rajoy said.Rajoy said Spain objected to Van Rompuy's proposed spending cuts to agriculture funding, money for Spain's regions an