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The previous round of budget negotiations failed (Photo: EUobserver)

EU leaders gather for budget horse-trading

EU leaders are gathering in Brussels on Thursday (7 February) for more horse-trading on the EU's long term budget, with any agreement having to satisfy penny-counting member states while not completely antagonising the European Parliament.

Ahead of the meeting, EU Council president Herman Van Rompuy urged member states to see the "bigger picture" when it comes to money for 2014-2020.

The last budget summit, in November, failed to reach agreement despite Van Rompuy chopping €80bn f...

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The previous round of budget negotiations failed (Photo: EUobserver)

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