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Merkel says 2013 EU budget summit may be needed

Published on Nov 21, 2012 8:22 PM

BERLIN (AFP) - German Chancellor Angela Merkel said on Wednesday the European Union would need to hold a new summit on its budget early next year should the bloc's leaders fail to agree this week on a 2014-2020 spending plan.

"I don't know if we will have a definitive deal tomorrow or the next day. We want that," Dr Merkel told lawmakers during a debate on Germany's own budget. "If necessary, we will have to meet again at the beginning of next year."

The EU is locked in bitter wrangling over its contested 1 trillion-euro (S$1.56 trillino) budget for 2014-2020.

EU president Herman Van Rompuy said on Tuesday he would draft a fresh proposal with "a revised version" of controversial cuts to be considered when leaders begin the two-day talks in Brussels late on Thursday.

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