Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Europe Day Ahead: Divisions Expected at Budget Summit

Wednesday, November 21, 2012 - 02:21

Nov. 21 - EU leaders meet on Thursday to overcome deep divisions over the bloc's spending plans, worth almost €1 trillion.

▲ Hide Transcript

View Transcript

EU leaders meet on Thursday to try and overcome deep divisions over the Bloc's spending plans for 2014 to 20/20. The budget is worth almost one trillion euros. Net contributors like Jeremy and Clinton won 100 billion euros comes from the commission's tough budget proposal but can't agree on which -- us to trust. Meanwhile members -- -- benefit most of EU funding like Poland and Hungary unlikely to oppose cuts. It wouldn't seem too strange to -- governments all across the eurozone. Beat in the court and in the periphery are tightening their belts putting European Union's budget also to be content or any case to remain the same. Well that's not the position of some other countries and as a big object to give him a burning building up we think. On the data front spill gets a better view of the German French and you know zone economies when we get the latest flash PMI numbers tomorrow morning. French and German manufacturing and services PMI for November are seen largely unchanged from October so still contracting. Same story for the eurozone and that's eleven GMT will get the latest read on UK funds failed those with the release of the CBI's industrial trends survey. Last month but this factory orders posted a surprise fall. Prompting fears that a decent exit from the session won't last. Then at 15100 GMT the Euro zone releases its latest consumer confidence figures that's on November. And fixed income Spain is selling 35 a nine year bonds the sale is expected to go pretty smoothly. The south African reserve bank meets on interest rates it's expected to keep rates unchanged at 5%. This comes off that a surprise fifty basis point cut in July when the -- of slowing domestic economy. There is out by toughest one to twelve growth forecast to two point 7%. From two point 9% in May. The -- currently hovering at more than three and a half you lows against the US dollar. Pines and -- pretty used going course after two billion dollar takeover of mine and extracts of will get the formal blessing of EU antitrust regulators on Thursday. Say sources familiar with -- up. How about going course still needs to deal to be cleared by China's ministry of comments and South Africa's competition authorities before the takeover is complete. Not some look ahead to Thursday -- TV media but this is -- --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe Day Ahead: Divisions Expected at Budget Summit

Wednesday, November 21, 2012 - 02:21

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

Oddly Enough »

Black bear cub goes Sunday shopping Black bear cub goes Sunday shopping

Thu, 23 Oct, 2014 - (0:27)

Christie's opens new Shanghai office Christie's opens new Shanghai office

Wed, 22 Oct, 2014 - (1:13)

White lion cubs unveiled to the public White lion cubs unveiled to the public

Tue, 21 Oct, 2014 - (1:01)

Ebola Halloween getup stirs controversy Ebola Halloween getup stirs controversy

Tue, 21 Oct, 2014 - (1:14)

Cuddly Ebola toy almost wiped out Cuddly Ebola toy almost wiped out

Mon, 20 Oct, 2014 - (0:34)

New MoMA exhibit cut out for Matisse New MoMA exhibit cut out for Matisse

Thu, 16 Oct, 2014 - (1:28)

London's Frieze art fair tests your senses London's Frieze art fair tests your senses

Thu, 16 Oct, 2014 - (1:28)

Paris streets become gallery for Plato-inspired sculptures Paris streets become gallery for...

Wed, 15 Oct, 2014 - (1:21)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)