Like many governing bodies, the European Union (EU) has entered an era of austerity, with one striking exception: scientific research. Under a proposal released on 29 June by the European Commission, the executive body of the EU, spending on research and innovation would rise by about 45%, from €55 billion (US$80 billion) over the current 2007–13 period to €80 billion in 2014–20.
http://www.nature.com/news/2011/110706/full/475014a.html
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