EU: funding crisis as talks collapse

Telegraph
" MEPs led a walk-out of three-way talks in which the European Commission and European Parliament were attempting to secure billions of pounds in extra funding for this year and next year from national governments, claiming there was a cash shortfall. MEPs quit the talks at the attempt to secure a total of £13.8 billion in spending this year and next, a move fiercely opposed by the British Government. Ministers have formed an alliance with other EU nations including Germany, the Netherlands and France to block the demands."