France's Hollande sees budget deal unlikely on Friday
BRUSSELS (Reuters) - French President Francois Hollande said it looked unlikely that European Union negotiators would reach an agreement on Friday on the bloc's nearly 1 trillion euro budget for the next seven years, although he said a delayed deal would not be serious.
"Everyone agrees this is going to take time," Hollande told reporters. Asked whether EU leaders could fail to resolve their differences on Friday he said: "That's the most likely outcome."
The EU is expected to convene a further summit if leaders continue to disagree over spending levels at the end of the two-day meeting. The meeting was suspended shortly after midnight on Thursday so that EU leaders can examine a revised budget plan.
The summit will reconvene at midday on Friday.
(Reporting by Emmanuel Jarry; Writing by Catherine Bremer)
- Tweet this
- Share this
- Digg this
- Xi sees factory China and back office India as global engine
- Fed could hint on rate-hike plans as it prepares for policy turn
- Google launches $105 Android One; eyes low-price smartphone boom
- Pakistani Islamists use floods to turn opinion against India
- Delayed retreat of monsoon rains to start this weekend
A combination of the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. Full Article
China cenbank injects $81 bln into major banks to support economy - reports Full Article