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    EU in historic budget cut

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    Al Jazeera English

    by Al Jazeera English

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    After two days of intense negotiations, European Union leaders have reached a deal to cut the bloc's budget for 2014-2020. It's the first time ever that the EU budget has shrunk. Paul Brennan reports from Brussels. It is the first time ever that the EU budget has shrunk. Al Jazeera's Paul Brennan reports from Brussels.