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EU budget negotiations continue - Hollande

EU budget negotiations continue - Hollande




European Union countries are not yet ready to sign a budget agreement for the years 2014 to 2020.

This statement was made on Sunday by French President Francois Hollande after talks at the Elysee Palace with Italian Prime Minister Mario Monti.

Their conversation was devoted to preparations for the EU summit, scheduled for February 7-8 in Brussels.

"Negotiations are progressing with difficulty," said Hollande.

He explained that the European countries want to grow together but each of them must defend its own national interests.

Consultations on the EU budget usually last several months.

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