European policy makers head into their second confrontation this week saying they're likely to fall short of agreement on a seven-year budget plan just as they failed to strike a deal on Greek debt.
German Chancellor Angela Merkel told lawmakers in the national parliament in Berlin today that budget talks slated for a summit tomorrow may slide into next year. France rejects cuts to farm subsidies, and the U.K. demands a spending cut.
“There are deep divisions between the member states,” Irish Prime Minister Enda Kenny said in the Dublin parliament today. “There are fears that it will not be possible to get a deal.”
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