EU leaders warn budget deal far off

European leaders voiced doubts Friday on reaching agreement on a trillion-euro EU budget for 2014-2020, as gruelling talks pushed into a second day with a deal to bridge bitter divisions seeming increasingly distant.

The summit talks in Brussels were suspended overnight after less than an hour and a half, having already begun hours late on Thursday due to the vast differences on the need for cuts between the bloc’s have and have-not nations.

via Business feed http://www.scmp.com/business/economy/article/1088973/eu-leaders-warn-budget-deal-far