UNITED STATES (OBSERVATORY NEWS) — The 27 European countries failed to reach an agreement Friday on the EU budget for the next seven years, after a two-day summit in Brussels, according to a number of European leaders.
German Chancellor Angela Merkel told reporters after the end of the summit that “great differences still prevent the reaching an agreement.”
“We will have to look again at the issue,” she added, noting that the date for the next summit has not yet been decided. “It is up to the president of the (European) Council to determine that,” she said.
In turn, the President of the European Council, Charles Michel, who had called for the emergency summit, said, “Unfortunately, it became clear that it is not possible to reach an agreement. It turns out that we need more time.”
Michel stated at a separate press conference with European Commission President Ursula von der Leyen.
The summit revealed the existence of intractable disagreements between a number of rich “austere” countries and a greater number of countries demanding more funds to be allocated to a budget that meets European aspirations and to cover the deficit caused by Brexit.
Von der Leyen said that difference is a form of “democracy” in the European Union.
“It is worth the trouble to work hard to move forward,” she added.
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