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European Communities Budget

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December 10, 1987 | From Reuters
European Community ministers Wednesday abandoned last minute efforts to agree on a 1988 budget, deepening the bloc's financial crisis following last weekend's failed EC summit in Copenhagen. The EC's executive commission immediately announced that the community would resort to emergency funding from Jan. 1 and that it would take ministers to court to force them to agree on a budget.
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BUSINESS
December 10, 1987 | From Reuters
European Community ministers Wednesday abandoned last minute efforts to agree on a 1988 budget, deepening the bloc's financial crisis following last weekend's failed EC summit in Copenhagen. The EC's executive commission immediately announced that the community would resort to emergency funding from Jan. 1 and that it would take ministers to court to force them to agree on a budget.
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