Special EU summit failed to reach agreement on the interim budget

European Council President Herman Van Rompuy, 23, announced a two-day EU summit failed to agree on the 2014-2020 program of the EU's medium-term budget.
Van Rompuy said after the news conference: "The European Council decided to confer the power to continue to coordinate the positions of Member States and European Commission President in the coming weeks, so that the 27 countries to reach a consensus on the interim budget."
Van Rompuy said in answer Summit fruitless cause questions: "Some countries insist on more budget cuts, some countries do not agree in the next phase of negotiations to further modify the budget program.
Rompuy explained: "The budget negotiations are too complex, and therefore generally need two in 2005 on a 2007 budget negotiations so difficult."
Van Rompuy unanimously expressed confidence that eventually reached with the Member States on the interim budget. He said: "The summit plenary session of the bilateral talks yesterday I leaders one by one, and after that, countries are likely to agree on the budget in early 2013. Further in the coming weeks or months, I will help narrow differences . "
According to the proposal of the European Commission, the EU's 2014-2020 budget of around one trillion euros, which most of the money will be agricultural subsidies, support for the development of backward areas "cohesion funds", highways and other infrastructure, R & D investment The form went directly to the Member States, and the remaining 6% of the running costs of the EU institutions. Increased about 5% of the budget than the budget for the previous seven years.
To the United Kingdom, Sweden, the Netherlands, Germany, led by several EU "the rich" (the main contributor of the budget), the backdrop of the European debt crisis, countries are carrying out a different degree of fiscal austerity, the expenditure of the EU institutions should also be reduced. The other party is mainly using Southern and Eastern Europe countries, they are opposed to reducing the size of the budget, and stressed the need to ensure the maintenance of the existing agricultural subsidies and "cohesion funds".