The EU could have the best of both worlds: less spending and more European value.

无论是减少财政预算，还是抬高欧洲价值，欧盟都可做到最好。

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In 2007, the eu imported 143.6 billion euros worth of goods from Russia — more than half the entire value of Russian exports that year.

在2007年，欧盟对俄罗斯进口额为1436亿欧元——占俄罗斯当年出口额的一半还多。

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China has introduced 1,050 technical projects from EU members with a total value of 4.4 billion USD.

中国从欧盟成员国引进1050个技术项目，金额达44亿美元。

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It also said the EU should seek to add value rather than merely recycle money (eg, directing funds to poorer areas of rich countries that ought to be able to look after themselves).

ECONOMIST: Much stroppiness lies ahead in the EU budget negotiations

The Regional Policy Commissioner, Johannes Hahn, said "we need to spend more intelligently, focus on the EU's top priorities and add visible value to what national and regional authorities are already doing".

BBC: Elton John gig in Italy probed by EU over funding

However, I caution that lower EU rates may have a serious implication for the value of the euro.

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