Europe Fails to Seal Greek Debt-Cut Deal in IMF Clash
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European policy makers head into their second confrontation this week saying they’re likely to fall short of agreement on a seven-year budget plan just as they failed to strike a deal on Greek debt.
German Chancellor Angela Merkel told lawmakers in the national parliament in Berlin today that budget talks slated for a summit tomorrow may slide into next year. France rejects cuts to farm subsidies, and the U.K. demands a spending cut.