Better an early imperfect deal than failure

The European Council is at risk of making a bad situation worse

The European Council has an opportunity next week to make a bad situation very much worse. The context for negotiations on the European Union’s budget for 2014-20 is hardly propitious. The Council is polarised between wealthier and poorer countries. Member states have been grandstanding and muscle-flexing and bad-mouthing each other as if they were heading to a prize-fight rather than a negotiation between consenting parties.

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