EU Deadlocks Over Budget

Countries' differences echo debt-crisis stalemate.

European Union leaders deadlocked over the bloc’s next seven-year budget, adding to the quarrels between rich and poor countries that have stymied the response to the euro debt crisis.

France defended farm subsidies, Britain clung to a rebate and Denmark demanded its own cash-back guarantee, while eastern and southern countries said reduced financing for public-works projects would condemn them to lag behind the wealthier north.

New Proposal

 

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