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
- Govt considers ban on e-cigarettes, sale of single smokes
- India's fiscal deficit in H1 almost 83 pct of full-year target
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Muslim men over 50 pray at Jerusalem's Aqsa mosque amid tight security
- Europe won't recognise vote in eastern Ukraine, Merkel tells Putin
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article