Diplomats are pushing to secure a swift deal on the bloc's next seven-year budget, believing a Nov. 22-23 summit offers the best chance of agreement - saying the need to solve bigger issues may work to defuse the political challenges.
At stake is nearly €1tn of investment between 2014-2020 in infrastructure projects, agriculture and research, designed to help spur the economic growth Europe needs to emerge from its debt crisis.
The desire to reach agreement at a single summit appears at odds with recent shadow boxing by EU governments, with British Prime Minister David Cameron publicly threatening to veto a deal if his demands are not met.
It would also buck an EU trend for long-drawn-out talks over the multi-year budget, which in the past has required at least two summits to get the unanimous agreement needed.
But with euro zone countries keen to focus their efforts on crisis response measures, and with poorer EU countries wary of any delays to the new spending plan, diplomats insist that a one-shot deal is possible and remains the best option.
Read more: Push for EU budget deal ahead of November summit - European, Business - Independent.ie
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