The Straits Times
www.straitstimes.com
Published on Nov 23, 2012
 

EU leaders enter bitter fight over budget

 
 

BRUSSELS (AP) - The leaders of Britain and France staked out starkly different visions of Europe's future on Thursday as talks began in Brussels on how much the European Union (EU) should be allowed to spend, setting the stage for a long, divisive and possibly inconclusive summit.

While British Prime Minister David Cameron is seeking to keep payments into EU coffers down as low as possible, French President Francois Hollande called for sustained subsidies for farming and development programs for poorer nations.

With each of the 27 nations having the power of veto over the 2014-2020 budget, the summit negotiations could stretch over the weekend, perhaps without result.

Cameron voiced the concerns of several other countries that do not want to see an increase in the bloc's spending plan at a time when many member states are cutting budgets at home.