Deal struck to finalise long-term EU budget -Barroso
BRUSSELS, June 27 (Reuters) - European Union governments struck a deal with the head of the European Parliament on Thursday to finalise the bloc's long-term budget, ending months of doubt over nearly 1 trillion euros ($1.3 trillion) in future funding.
"I am delighted to announce that today we have a political agreement on the European Union's future budget," European Commission President Jose Manuel Barroso told a news briefing in Brussels.
EU leaders agreed a spending plan for 2014-2020 at a summit in February, including the first ever real-terms fall in future EU spending. But ratification was blocked by the parliament, which must give its consent for any deal to enter force. ($1 = 0.7691 euros)
(Reporting by Charlie Dunmore; editing by Rex Merrifield)