Commission wants new revenue sources in next EU budget

BRUSSELS (Reuters) - The European Union executive will ask member states to allocate new sources of revenue to the EU's long-term budget to help finance an economic recovery after the coronavirus pandemic, its head said on Wednesday.In a draft resolution, to be voted on later this week, the European parliament had threatened to withhold its approval for the upcoming seven-year EU spending plan unless governments dedicate new tax streams to it.The EU does not have the power to impose taxes, but..