Comment: EU Bailout Talks Collapse

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EU Bailout Talks Collapse

A Disappointed Van Rompuy Releases Statement Following EU Budget Talks Collapse [more blah, blah, blah]
Remarks by President Herman Van Rompuy following the European Council (pdf)

The European Council gives its President the mandate together with the President of the European Commission to continue the work and pursue consultations in the coming weeks to find a consensus among the 27 over the Union's Multiannual Financial Framework for the period 2014-2020.

The bilateral talks yesterday and the constructive discussion within the European Council show a sufficient degree of potential convergence to make an agreement possible in the beginning of next year.

We should be able to bridge existing divergences of views. A European budget is important for the cohesion of the Union and for jobs and growth in all our countries.