Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Africa's resources: re-examining the management of oil and gas

Read more

MEDIAWATCH

A closer look at Trump's Afghan policy

Read more

THE DEBATE

New President, Old War: Trump outlines his strategy for Afghanistan

Read more

MEDIAWATCH

Trump: An expensive president to protect

Read more

ENCORE!

Edinburgh at 70: front row at the Festival

Read more

FOCUS

Oil theft: a multi-billion dollar business fuels Mexican cartels

Read more

BUSINESS DAILY

French government, employers and unions begin final discussions on labour reforms

Read more

IN THE PAPERS

'Here are six costly failures from America’s longest war. No. 1: cashmere goats'

Read more

IN THE PAPERS

Charter of transparency…but no official ‘first lady’ title for Brigitte Macron

Read more

Europe

EU summit ends without budget deal

Text by News Wires

Latest update : 2012-11-23

A two-day EU summit ended on Friday with no agreement on the 2014-2020 budget amid bitter divisions over spending cuts. British Prime Minister David Cameron led calls for slashes to the budget while fighting to keep Britain's EU rebate.

A European Union summit wound up Friday with "no agreement" sealed for the bloc's next long-term budget, officials from several EU delegations said.

"There is no agreement," one official said.

With the 27 heads of state and government bitterly divided over spending policy, there had been little hope of a deal on a trillion-euro budget for 2014-20 during the two-day summit.

British Prime Minister David Cameron headed a group of austerity-driven nations demanding huge cuts in the next seven-year budget to match belt-tightening measures at home.

Divisions between have and have-not nations on how to spend the EU's billions caused further disagreements.

Talks to settle the bitter disputes that surfaced at the two-day summit will resume in January, Belgium's Foreign Minister Didier Reynders said on his Twitter account.

An EU diplomat said the main obstacle at the summit was Cameron's demand for reductions in the planned [budget,] adding that "the most virulent" countries by his side were Sweden and the Netherlands.

Cameron had vowed to bring down the budget from a proposed 1.047 trillion euros ($1.347 trillion) to 886 billion euros.

(AFP)

Date created : 2012-11-23

  • EUROPEAN UNION

    UK and France face off over EU budget

    Read more

  • EUROPEAN UNION

    UK's Cameron talks tough on EU budget and rebate

    Read more

  • GREECE

    Greece angry after EU ministers fail to reach rescue deal

    Read more

COMMENT(S)