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Report: Merkel threatens to skip budget summit

22.10.12 @ 09:11

  1. By EUOBSERVER

Germany may miss next month’s EU budget summit if UK leader Cameron insists he will veto any deal other than a total freeze on spending, Financial Times reports. The European Commission has proposed a budget of €1tn for the years 2014-2020, or nearly 1.1 per cent of European GDP.

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