EU budget agreement satisfactory for Czech Republic, says Paroubek

The Czech prime minister, Jiri Paroubek, says he is extremely satisfied with the compromise European Union budget agreed on by EU leaders in the early hours of Saturday morning. He said most of the Czech Republic's demands had been met in Brussels and the country could receive up to 3.1 billion euros a year net in the period 2007 to 2013.

Mr Paroubek added that Czechs could receive more per capita from EU cohesion funds than any other state.