A sum equal to 1 percent of the European Unionâ€™s gross domestic product will devour 100 percent of the blocâ€™s political energy when leaders square off over subsidies for everything from bridges and windmills to olive trees and the dwindling honeybee population.
The euro debt crisis and a deadlock over Greek aid raise the stakes for EU budget talks starting today in Brussels, testing whether the 27-nation bloc is heading for more integration and whether Britain, a foe of EU spending since the days of Margaret Thatcher, will finally say itâ€™s had enough.
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