The 27 failed to find a compromise on Friday on the future multiannual budget of the EU, after two days of summit in Brussels, said several European sources. "No agreement, no date for a new summit," said one of his sources, due to differences between the least spending countries (Denmark, Sweden, Netherlands, Austria) and a group of 17 country that refused cuts.
German Chancellor Angela Merkel said that "the differences" were "still too great to reach an agreement" on the EU budget. "We will have to revisit the matter," she added, indicating that the date of a next meeting has not yet been fixed. "It will be up to the President of the Council to decide."