The Brussels summit on the EU budget
has ended without agreement.
EU leaders are taking a short break before returning to draft a statement on
when to meet and what to do next. News conferences are expected later on Friday,
sources at the summit say.
Hours of talks on the 2014-2020 budget failed to bridge big gaps between the
richer countries and those whose economies rely most on EU funding.
The UK said current EU spending levels must be frozen.
The EU's government grouping, the European Council, believes it may still
reach a deal early in the new year, the BBC's Chris Morris reports from
Brussels.
But it is hard to see how that may happen because the divisions are very
clear and have become even more stark at a time of economic crisis, our Europe
correspondent says.
Summit chairman Herman Van Rompuy had reshuffled the allocations in his
original proposed budget during the summit, but he kept in place a spending
ceiling of 973bn euros (£783bn; $1.2tn).
With the eurozone's dominant states, Germany and France, unable to agree on
the budget, UK Prime Minister David Cameron warned against "unaffordable
spending"... Meanwhile, The Romanian President - Basescu, made a fool of himself during a press conference today!
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