business

Europe

The huge budget boosts requested by European Commission President Jacques Delors over the next five years are drawing heavy fire. Delors says the increases, from $79 billion for 1992 to $106 billion for 1997, are needed to implement the political and economic union agreed upon at the Maastricht summit last December. But critics say he is using Maastricht to get money for pet projects. In particular, some think Delors' plan to lavish $5 billion a year on research and development subsidies is a sop to the pro-industrial-policy French. In addition, the financially strapped Germans are squirming over the $12 billion price tag for infrastructure aid over five years to poorer EC nations, such as Spain and Portugal.

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