EU annual budget talks collapse in worrying sign

first_img Mary Coyle ice cream to reopen in central Phoenix Top ways to honor our heroes on Veterans Day Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement New Year’s resolution: don’t spend another year in a kitchen you don’t like In a statement on his website, the European Parliament lead negotiator Alain Lamassoure said the commission must submit a new proposal before talks, which face a Tuesday deadline, could continue.The only agreement Friday was for (EURO)670 million in aid to Italian earthquake victims _ but not how to fund it.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Top Stories center_img PARIS (AP) – Negotiations over next year’s European Union budget have collapsed after a dispute between member states and the European Commission over a shortfall in the 2012 budget. The talks, which essentially ended before they began, could be a sign of trouble ahead for longer-term EU budget issues.At issue was a (EURO)8.9 billion ($11.3 billion) shortfall for 2012, according to the European Commission, which asked the states to cover the sum. Several states imposing spending cuts at home questioned the amount. How Arizona is preparing the leader of the next generation Comments   Share   Bottoms up! Enjoy a cold one for International Beer Day Construction begins on Chandler hospital expansion projectlast_img read more