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Institutional wrangling over the EU's budget has became an annual ritual in Brussels. (Photo: snorski)

Ministers face new battle over next year's EU budget

Finance ministers will meet in Brussels on Friday (14 November), as EU lawmakers face yet another race against time to seal agreement on the bloc's spending plans.

The main item on the agenda will be to broker a compromise with the European Parliament on the 2015 budget.

The EU's two law-making bodies are just over €6 billion apart, with member states wanting to cap spending at €140 billion and MEPs demanding €146.4 billion, over €4 billion more than the €142.1 billion proposed b...

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Institutional wrangling over the EU's budget has became an annual ritual in Brussels. (Photo: snorski)

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