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
Police and Crime Commissioner for Gwent, Ian Johnston warns further cuts to policing are 'dangerous' and 'will put public safety at risk.'
The Children's Commissioner has found that nearly a third of five to eight year olds are left feeling hungry after a school dinner.
A cold but bright start to Friday, then a largely dry and bright day.