Merkel: sees potential for EU budget deal at start of 2013

BRUSSELS Fri Nov 23, 2012 11:36am EST

BRUSSELS (Reuters) - European Union leaders failed to reach agreement on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries rejected deeper spending cuts demanded by Britain and its allies.

(Brussels newsroom)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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