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Cam 'tough' on EU budget

Cam 'tough' on EU budget

David Cameron has promised he will be "tough" on making sure there is no big increase in the EU budget, saying it would not be "acceptable".

Speaking at a press conference in Brussels this morning the Prime Minister said:

"It just would not be acceptable to see some huge increase in EU spending at a time when other budgets are being cut. The British public expect a tough approach, a rigorous approach, and that’s exactly what they’re going to get.”

As well as attacking increases in the EU budget, he took a swipe at highly paid EU officials, saying his "favourite figure of the day" was that 16% of employees earn over 100,000 euros.

Mr Cameron has also refused to attend the Nobel Peace Prize ceremony, despite pleas from European Council president Herman van Rompuy.

Earlier EU leaders agreed that the European Central Bank will take over as the single European Union banking supervisor "next year".

The move, announced by Mr van Rompuy, opens the door to cash injections for failing banks.

French president Francois Hollande said this afternoon the deal would enable the eurozone to "advance more quickly and with more assurance" towards economic integration.

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