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EU budget: Alain Lamassoure on call for 10bn euros

5 October 2012 Last updated at 13:54 BST

The French MEP who chairs the European Parliament's Budget Committee said the EU "lacked cash" and needs an extra 10bn euros to finance its projects up to the end of the year.

Alain Lamassoure said it was not due to the "extravagance of eurocrats", but blamed budget ministers for the shortfall.

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