French President Francois Hollande leaving the EU's headquarters at lunch time Friday. Photo: Thierry Charlier/Scanpix.
Pushed back until early 2013

EU budget talks break down in Brussels

Talks to shape the new EU budget broke down in Brusses on Friday afternoon, Swedish Radio reports. Negotiations, set to decide on spending from 2014 to 2020, are now postponed until early next year.

If there is no agreement during 2013, the budget for that year will carry on into 2014. Sweden has been pushing for a smaller reduction to its rebate on the EU membership fee during the talks, set to decide how about 800 billion SEK are to be spent annually.

"I do not think this is very dramatic," said Prime Minister Fredrik Reinfeldt. "These things take time. I've said several times that there is no rush and that it takes time for positions to sink in. We will have time to conclude."

Whether Sweden suffered any setbacks trying to limit farming subsidies within the EU, or in keeping its membership fee down, the prime minister would not say. "We have no final decisions. We are simply not ready," he told Swedish Radio.

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