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By Tammy Bruce
The EPA takes its cue from rogue president on wage-garnishment scheme
Topic - Herman Van Rompuy
British Prime Minister David Cameron set the tone Thursday for what is expected to be a bitter fight over the European Union's budget, warning that the latest proposal for a spending ceiling does not go far enough.
Everyone is drawing lines in the sand, but the leaders are so far apart they might as well be on different beaches.
German Chancellor Angela Merkel defended concessions made to struggling Spain and Italy at a European Union summit on Friday as she prepared to address lawmakers at home, where media headlines loudly proclaimed her political defeat.
German Chancellor Angela Merkel rejected a new push by the European Commission for bonds issued jointly by the 17 eurozone nations, saying Tuesday that they wouldn't resolve the debt crisis and that now is the wrong time to discuss them.
The leaders of France and Germany called Tuesday for greater economic discipline and unity among European nations but declined to take immediate financial measures seen by many investors as the only way to halt the continent's spiraling debt crisis.
"There is nothing in these agreements or in the European Union's approach that might harm Russia in any way," insisted EU President Herman Van Rompuy.
"The economic impact of the sanctions is already visible - on the stock exchange, the value of the Ruble, the investment climate," EU President Herman Van Rompuy told VRT network.