Several European Commissioners say they regret the cuts in the 2014-2020 EU budget, agreed on Friday (8 February) after a marathon 24-hour summit. However, the Commissioners expressed hope that the European Parliament would approve the deal.
Proposed cuts to European Union funding for telecoms infrastructure would delay development of high-speed broadband networks, hitting economic growth, industry lobby group ETNO said yesterday (5 February).
Siim Kallas, the Commission vice president responsible for transport, said budget cuts for 2014-2020 proposed for the 22-23 November summit risked ‘cancelling’ European policies designed to link Eastern and Western parts of the continent.
The European Commission has agreed to co-finance Europe's long-awaited transition from copper to faster fibre-based telecom and internet networks while industry worries that EU funds could weaken investors' appetite for risk.
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