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EU insists member states finds extra funds after Britain says no

Fifty euro notes displayed against a backdrop of the EU flag in Lille, France, on April 25, 2014The EU insisted Friday that member states must find more than two billion euros this year to cover spending on Ukraine and youth unemployment projects after Britain baulked at the demand. “We put the draft amending budget (for 2014) on the table because member states have taken important decisions that concern the whole of Europe,” a Commission spokesman said. The Commission said Wednesday it needed some 4.7 billion euros ($6.4 billion) to cover a series of projects, among them extra support for small- and medium-sized businesses, new member states, and for Ukraine. After including other sources of funding, the net amount comes down to 2.17 billion euros, but the request has still been called unacceptable by Britain, where the government has been rocked by the stunning success of the anti-EU UK Independence Party in last week’s local and European elections.

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