Word: scaleback
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...listless and acrimonious negotiations in Athens, they found themselves unable to announce agreement on a single item of their long agenda. The key obstacle: the threat of bankruptcy for the Community unless there is an increase in member contributions to its common budget ($22.5 billion in 1983) or a scaleback in an expensive ($14.3 billion this year) agricultural subsidy policy. Said French President Francois Mitterrand: "Europe knows, in all clarity, that it is in crisis...
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