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Lewandowski (l) and Mavroyiannis after the talks on Friday (Photo: consilium.europa.eu)

EU budget on the brink after talks collapse

Negotiators on Friday (9 November) could not reach agreement on how to fund a €9 billion shortfall in 2012 EU spending, let alone on the full 2013 budget.

The European Commission tabled the €9 billion top-up request in October in order to keep up payments for flagship EU policies such as the Erasmus student-exchange programme and the European Social Fund, which compensates redundant workers.

But MEPs, ministers and EU officials could not agree on where to find the "emergency" mo...

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