Screw austerity: The E.U.'s science spending, which is running at about US$79 billion for the current 2007-2013 period, is getting a boost to $114 billion for 2014-2020.
The E.U.'s proposal recognizes that only by spending money on innovation and future tech can income growth be assured. Apart from this 45%+ boost in science cash, the rest of the E.U.'s roughly trillion-dollar budget remains flat.