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6/18/05

MSN Money: EU crisis as Britain rejects deal on budget

MSN MoneyEU crisis as Britain rejects deal on budget

Tony Blair, the UK prime minister, was one of a minority of leaders who refused to accept a compromise package, as the Brussels summit collapsed in acrimony shortly before midnight. The failure of the talks means the transfer of billions of euros of aid to former communist countries in eastern Europe, due to start on January 1, 2007, may be delayed.

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