BRUSSELS — Everyone is drawing lines in the sand, but the leaders are so far apart they might as well be on different beaches.
The European Union heads into a critical summit Thursday to hammer out a $1.28 trillion budget through 2020 — and it promises to be one of its most bitter fights in years.
Finding hard cash to prop up European unity has become a political quagmire for leaders facing angry, crisis-weary citizens at home.
It all leaves little hope for a quick solution.
“Now, it looks very unlikely that an agreement will be reached,” said Claire Dheret, a policy analyst at the European Policy Center.
At stake is a plan to divvy up the EU spending budget from 2014 to 2020. So far the EU’s executive commission has proposed a ceiling of just over $1.3 trillion, which would amount to a small increase.
His proposals would effectively cut the budget by up to $30 billion, compared with the 2007-13 period.
Britain, ever the halfhearted EU member, wants to cut even deeper if possible, arguing that its beleaguered taxpayers should not have to shoulder the rest of Europe’s woes.
“If there isn’t a deal that is good for Britain, if there isn’t a deal that is available, then there won’t be a deal,” said British Prime Minister David Cameron.
Leaders from Copenhagen up north to Madrid and Rome down south are already threatening vetoes for often opposing reasons, and the EU has said the summit might go three days and three nights.
“Budget negotiations have always been very intense,” Ms. Dheret said in an interview. “The problem is that the climate of the negotiations has changed because of austerity.”View Entire Story
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