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
All calm and quiet overnight, but southern areas could be in for a surprise tomorrow!
Scottish people living in Wales have been giving ITV News their opinions about the Scottish referendum vote on Friday.
While the campaign trail in Scotland has hotted up today, in Wales businesses are keeping a close eye on tomorrow's decision.