Neelie Kroes says EU budget cut leaves no cash for broadband networks: "Last week's all-night talks between Europe's leaders culminated in a deal that will see the EU's overall budget for 2014-2020 cut by €34 billion, a move that had a knock-on effect on the telecoms and technology space.
Originally, €50 billion was allocated to the CEF, of which €9.2 billion was set aside for broadband and digital services. Now though the CEF has been cut to €29.3 billion, with just €1 billion earmarked for broadband and digital services.
"This funding will have to be exclusively for digital services," said Kroes, in a blog post on Saturday. "Such a smaller sum does not leave room for investing in broadband networks."" 'via Blog this'