For the first time in the EU's history there will be a real-terms cut in the budget.
Friday's agreement - which required the backing of all 27 members - represents the first reduction in the EU's multi-annual budget in its history and comes after EU leaders failed to agree a deal in November amid deep divisions over proposed austerity measures.
Discussing the often "inward-looking" history of EU negotiations, Mr Gordon said that "referendums have often turned countries inward".
Given the history of EU fisheries regulation, you might think the bloc is ill-placed to pose as a reformer.
History suggests the EU cannot take the support of the Irish people for granted.
The court has a history of approving EU integration with reservations.
The centre-right European People's Party (EPP) - the biggest grouping of MEPs - calls the new rules "the most comprehensive and most far-reaching banking regulation in the history of the EU".
If history repeats itself, the EU crisis will once again roil the market place.
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Ireland, with a history of awkward votes on EU treaties, holds a referendum on May 31st.
But if history repeats itself, the EU crisis will once again roil the market place, and likely sooner rather than later.
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But if recent history plays out again, the EU debt crisis will be back on the front burner of the market place.
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However, it also could be that recent history will play out again and the EU debt crisis will be back on the front burner of the market place, which could further boost gold on better safe-haven investment demand.
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If history repeats itself, which is likely, the EU crisis will once again roil the market place, and likely sooner rather than later.
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But despite the EU's recent embrace of its former communist neighbours, views on recent history still differ.
The committee added that the fall of the Berlin Wall had made EU membership possible for several Central and Eastern European countries, thereby opening a new era in European history.
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In July it takes over the rotating presidency of the EU. And in October Donald Tusk is set to become the first prime minister in Poland's history to win re-election after a full term in office, bestriding a political landscape that is pleasingly normal (see article).
If recent history repeats itself Greece will soon be back on the front burner of the market place, regarding fresh EU bailout money and the debating about when and if to disburse fresh funds to the cash-starved country.
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