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.
More top news
Plenty of fine dry weather to come today and prolonged spells of sunshine. A cool easterly breeze will take the edge off the temperatures.
The three-day event in the Welsh capital is expected to attract more than 20,000 visitors.
Steve Ashton's picture of a jacket potato and corned beef served to his 81-year-old mother has been shared 130,000 times on Facebook.