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EU states, parliament reach 2015 budget deal

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Italy Finance Minister Pier Carlo Padoan welcomed the agreement, saying it tackles the "need to address the backlog of payments"

Brussels

EUROPEAN Union (EU) member states and the European parliament said on Tuesday that they have reached a deal on a new 2015 budget for the 28-country bloc after bridging gaps that threatened to scupper a deal.

The two had failed to reach an agreement in November as cost-