Issue Date: February 18, 2013
European R&D Budget Lower Than Expected
After hours of negotiations, European leaders on Feb. 8 agreed on a seven-year budget that sets R&D funding in the region at 71 billion euros ($95 billion), some 9 billion euros ($12 billion) short of the funds requested by the administrative arm of the European Union. The region’s total budget for 2014–20 came in at 908 billion euros ($1.2 trillion), which is about 3% less than that for the current seven-year period. These figures are . . .
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