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EU talks suggest Horizon 2020 cash cut to €70bn or less

Negotiators have further reduced the expected allocation for the Horizon 2020 research and innovation programme in the 2014-20 European Union budget, during inconclusive budget talks in Brussels.

The talks revolved around a compromise proposal that would reduce spending on Horizon 2020 from the €80 billion (£65bn) proposed by the European Commission in 2011 to about €70bn. And the dynamic of the negotiations points to a final settlement no higher—and possibly lower—than that.

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