German chancellor Angela Merkel has said she would agree to an EU budget worth 1.04 or 1.05 percent of EU gross income, boding well for a budget deal success.
Ms Merkel made the offer at a lunch of all 25 EU leaders on Friday (16 December) afternoon, according to high level sources present at the meal.
A budget at 1.045 percent of gross income would be worth around €12 billion more than the UK presidency offered on Wednesday.
The statement implies that Germany, as the larg...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.