The biggest fights at European Union summits are usually about money. It’s no different this time. At their final summit of 2009, the EU’s 27 national leaders have been wrestling in Brussels with the question of what contributions each country should make to a “fast-start” fund to help developing countries address climate change.
It looks as if EU governments will come up with an offer of about €2bn a year – much of it coming from rich countries such as France, Sweden and the UK - for the three-year period of 2010 to 2012. “Anything above €2bn will be an impressive offer,” European Commission president José Manuel Barroso said this morning. Read more