24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

E.U. Leaders Working on Budget Deal

EU leaders are edging towards a compromise deal on the 2014-2020 budget after all-night talks, officials say.

A broad framework was reported to have been agreed, but hard bargaining still lies ahead at the Brussels summit.

Leaders are studying proposals for a 908bn euro (£774bn) budget for the full seven years - 5bn euros lower than an earlier proposal.

In November the leaders failed to reach agreement amid deep divisions over cuts - a key UK demand.

Prime Minister David Cameron said again on Thursday that he would not accept a deal unless further cuts were made.

Source: BBC. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.