There are in fact two types of EU budgets. There is the long-term budget, known as the multi-annual framework, which establishes the annual spending limits. This is negotiated ever seven years. There is also the annual budget, which sets out in more detail how the EU should spend its budget over the coming year.
The quality of European universities and their campuses not only affects policy agendas of education, research and innovation. It also affects Europe's position in the global competition for the best students and professors (the global 'battle for brains'), and the wider competitive advantage, productivity, profitability and sustainable development of Europe.
For the trainees, or for me at least, the Euro bubble has finally burst. In the last few weeks in Brussels, plunged into denial that the traineeship is ending, we trainees become a red-eyed mass of reckless hedonists bouncing from leaving party to leaving party with work somehow sandwiched in the middle...
Tonight at the European Parliament there will be a vote on whether Miguel Arias Canete, nicknamed "Senor Petrolhead" by the Sunday Times, will be accepted as the new EU commissioner for Climate and Energy. To cut a long story short, Canete has long embedded family ties with the oil industry so if common sense were to prevail, he would not be appointed.
The next two weeks will be crunch time for the 27 candidates hoping to be part of the European Commission led by Jean-Claude Juncker. From 29 September to 7 October they will face hearings at the European Parliament to assess their suitability. MEPs will then vote on 22 October on whether to approve the new European Commission as a whole.
The aim is to assess each candidate's suitability as commissioner, evaluate their knowledge of the proposed portfolio and find out about their future plans. Based on the candidates' responses and performance, the committees will then draw up a recommendation and send it to the president of the European Parliament...
One of the many joys of being a trainee in the European Commission is being able to socialise in the international melting pot of the European bubble, to gluttonously gorge on a feast of cultures and languages, to take the notion of 'nationality' and throw it off like a duvet on a sweaty summer night such as we have rarely experienced in the UK...
This is an important moment for the UK but it is even more important for the wider EU. The restructuring of the Commission to place an emphasis on action to develop economic growth is a real move forward. The UK must seize this opportunity to make a reality of its own reform agenda and work for the vast majority of British people who see reform and change in the EU, not defeat and exit, as the real prize.
The name raised a few eyebrows in Brussels when he was announced as the nominee for the UK's spot in the European Commission. Lord Jonathan Hill of Oareford, the leader of the House of Lords, is little known abroad and his appointment is far from guaranteed as he will be subjected to a careful vetting process over the coming months.
There is an appetite for change shared not only by EU member states, but also by many people in EU institutions, who are able to identify challenges faced by Europe nowadays. Poland believes in strong EU institutions and deeper political integration, as well as aims, like the UK, at the completion of the single market.