European Council President Herman van Rompuy says the Budget agreed by EU leaders means poorer countries in the Euro zone will get a bigger share of regional aid. The deal will leave less money for west Wales and the valleys, a poor region of the UK, which is one of the EU's wealthiest members.
This is a budget of moderation. We simply could not ignore the extremely difficult economic realities across Europe. So it had to be a leaner budget. For the first time ever, there is a real cut. In allocating structural funds, special attention was given to countries like Greece, Portugal, Spain, Italy, Ireland. Overall, poorer countries will receive a larger share of cohesion funding.
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There'll be bracing winds and heavy showers this afternoon and expect a wet and windy start on Monday morning.
Carl Edwards and guests look back at the week's events in the latest edition of Newsweek Wales.
A Yellow Warning has been issued by the Met Office as gale force winds and showery rain affect areas across Wales.