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EUobserver.com / Economic Affairs / Leaders break off EU budget talks

EU leaders on Friday (23 November) decided to break off the 2014-2020 budget negotiations and postpone them for another summit, as a second compromise attempt failed to reconcile positions between those wanting cuts and those asking for more money.

Admitting that there are "still existing divergences," EU council chief Herman Van Rompuy at a press conference said that leaders had given him the task to continue bilateral talks in the coming weeks, with a view to a final deal early next year.

EU commission chief Jose Manuel Barroso will also be involved in what he described as "complex, difficult, but constructive talks."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Nov 23rd, 2012 at 03:30:14 PM EST
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