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EU budget talks stalled over austerity calls

11-12-2010 09:04 BJT

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European Union countries, and the European Parliament, have failed to agree on a new budget for the 27-member bloc during Thursday's talks in Brussels.

National leaders balked when the Parliament demanded a budget increase of 6.2 percent. Member states want to hold the hike to 2.9 percent at most. Negotiations between the two sides will continue on Monday.

At an EU summit of government leaders two weeks ago, the UK led 10 other EU countries in a drive to reject a larger increase in the 2011 budget. The group insisted, instead, on moderation in EU outlays.

Editor:Du Xiaodan |Source: CNTV

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