European Union Austerity Budget 2012 – An Impeccable Analysis To       The Right Honorable European Council President Herman Van Rompuy.             From: Athinarayanan Sanjeevraja Date:  November 30, 2011 RE:       EU Austerity Budget 2012 Suggestion: Balance between the fiscal discipline and growth. Good Morning Mr. President. I read Financial Times, London last week that European Council had sought higher commitments from its member, agrees austerity budget for 2012. The council and the European Parliament agreed on an overall amount of € 147.232 billion, leaving a margin of € 1.23 billion below the MFF ceiling. It is a good strategy to attack in the midst of a serious financial crisis in Europe . Europe ’s economy remains very fragile. Many member states are grappling with the consequences of unsustainable public deficits and very hig...