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Europe is in a state of a profound crisis, said Mr Juncker (Photo: eu2005.lu)

EU fails to agree its budget

Despite around 15 hours of negotiations, numerous proposals counter-proposals, bilaterals and tour de tables, a meeting of EU leaders broke off in ill-tempered disarray with no agreement on the bloc's future budget.

"Europe is in a state of profound crisis," said the main conductor of the talks, the Luxembourg Prime Minister Jean-Claude Juncker.

Britain, the Netherlands, Sweden, Spain and Finland rejected the final compromise package put on the table by the Luxembourg presidency....

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Europe is in a state of a profound crisis, said Mr Juncker (Photo: eu2005.lu)

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