Brussels, 18/11/2014 (Agence Europe) - The Council of the EU and the European Parliament have failed to reach agreement within the deadline (midnight on 17 November) set by the conciliation procedure on the various parts of the budget package, that is the amending budgets for 2014 and the 2015 budget.
Budget crisis is looming. The discussions among the three EU institutions foundered principally on the issue of unpaid invoices. As the procedure requires, the European Commission will have to...