EU budget talks inconclusive; ends without deal

EU budget talks inconclusive; ends without deal Zeebiz Bureau

New Delhi/Brussels: European Union’s two-day summit in Brussels has fallen flat.

After more than four hours of talks on Friday which followed nearly 12 hours of negotiation on Thursday, the summit ended without being able to reach a deal.

European Council President Herman Van Rompuy, who presides over the summits, said the “constructive discussions” at the summit meant an agreement could be reached early next year.

British Prime minister David Cameron, seen as a 'danger man' after he threatened to veto any deal he didn't like, was more emollient both at the table and in public, saying it had been a group decision to call off the talks.

German Chancellor Angela Merkel said it was no drama and the chances of a deal in early 2013 were good, while French President Francois Hollande said progress had been made.

Cameron was still full of firm words on EU excess, but said no one nation was to blame for the impasse, a line others echoed.

With Agency Inputs