European parliament backs out of EU budget talks

European parliament backs out of EU budget talks

The European Parliament on Tuesday refused to join talks later in the day between European Union budget ministers on the bloc’s 2013 budget, a threat which if carried through will scuttle the talks.

In a statement issued three hours before talks were to start, parliament said it could not join the talks because there was no agreement to deal with a 2012 shortfall depriving Europe’s needy of key funds.

Breitbart Video Picks