BusinessDaily.eu – By Mikkel Egesberg – The EU budget negotiations have just stopped, because EU politicians could not agree on the budget. Budget talks are never easy, not in any EU state, the EU, or even the US…Just look at the US Congress, what will they do? Cut spending? Raise taxes? Or just increase the debt limit again, as they have done 13 times already since 2000?
In 2012 the US budget shows a 1327 billion US dollar deficit, compare this to the TOTAL EU budget of 191 billion US dollar (147 billion €) in 2012. Think about that, if you think Europe has problems…
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