The European Parliament has finally agreed on a seven-year budget plan, after months of disagreement and sectarian and national clashes over the deal.
Funding will be cut below one-trillion euros, while billions of euros will be frontloaded to fight youth unemployment and give a boost to small businesses.
In the face of Europe’s staggering unemployment and a population feeling the negative effects of national austerity measures, is the new budget too austere, or too much?
Chris Burns hosts an EU budget showdown. His guests are conservative MEP Richard Ashworth, socialist MEP Ivailo Kalfin, and startup guru Juuso Koskinen.