There is a serious risk that the European Commission will run out of money and not be able to meet its obligations to grantees, including scientists, Janusz Lewandowski, commissioner for financial programming and budget, said in a statement on 19 November. The statement was issued on the day the European Parliament and the Council of Ministers agreed a 2012 budget of €129 billion—a 2 per cent increase. This is below the 5.2 per cent increase requested by the European Parliament, which would have taken the budget up to €133bn.
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