EU Aims to Reach Budget Deal Next Week After Talks Fail

The European Union will attempt to agree on its 2013 budget by Nov. 13 after talks in Brussels failed to reach an agreement yesterday, the EU said.

“The council and the European Parliament, meeting within the conciliation committee, could not yet reach agreement on the 2013 EU budget,” the EU said in a press release.

Cyprus, which holds the EU’s rotating presidency, will continue efforts to reconcile different positions among EU member nations, the statement said.