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EU budget summit delayed to 1630 GMT for more talks

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(Globalpost/GlobalPost)

A difficult EU summit to agree the bloc's 2014-20 budget has been delayed until 1630 GMT to allow more time for discussions on a compromise accord, an EU official said Thursday.

The opening of the meeting, originally set for 1400 GMT, was pushed back "because we needed more time to work on the compromise proposal," said the official who asked not to be named.

EU President Herman Van Rompuy said Wednesday he was confident of getting approval from all 27 leaders after reworking a compromise offer prepared for a special budget summit in November that failed to do the trick.

EU sources say Van Rompuy will cut the November figure for member state budget commitments from 973 billion euros to some 957 billion euros.

At the same time, the amount of actual spending, a key figure for Britain which has led the charge for sharp cuts, would come down to 905 billion euros from November's 935 billion euros.

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http://www.globalpost.com/dispatch/news/afp/130207/eu-budget-summit-delayed-1630-gmt-more-talks