The European Parliament and the EU Council failed to reach an agreement on the EU budget for 2019 after the legal deadline of Monday 19 November (see EUROPE 12137).
The main stumbling block concerns unused 'research' funds, to be reallocated in 2019 to the Horizon 2020research framework programme, a measure on which the Parliament places great emphasis, in accordance with a new legal provision. But the EU Council refuses, citing the risk of setting a "precedent with unknown future...