Budget talks end with no agreement - Greece talks continue

As expected, EU budget talks broke down after two days with no agreement.  David Cameron went into the negotiations with demands for cuts, rather than the 5% increase being pushed by the Commission:
http://blogs.wsj.com/brussels/2012/11/22/britain-targets-commission/?mod=djemRTBrusselsBlog_h

More from the Wall lStreet Journal on the collapse of the talks:
http://online.wsj.com/article/SB10001424127887324352004578137051647298838.html?mod=djemalertNEWS

More on the budget impasse from the New York Times: http://www.nytimes.com/reuters/2012/11/23/business/23reuters-eu-budget.html?smid=tw-nytimesworld&seid=auto&_r=0

and CNN's report looks into the components of the budget - with video: http://edition.cnn.com/2012/11/23/business/eu-budget-summit/index.html


EU finance minsters were unable to conclude talks on Greek debt reduction and they will continue on Monday.
http://money.cnn.com/2012/11/21/news/economy/eu-imf-greece-bailout/index.html

If you are really interested in the details on Greece's precarious situation, the Wall Street Journal has prepared a cheat sheet explaining the current issues on the table:
http://blogs.wsj.com/brussels/2012/11/20/your-cheat-sheet-to-greece/?mod=djemRTBrusselsBlog_h

France's credit rating was downgraded by Moody's late Monday, and French officials tried to downplay the action:
http://www.nytimes.com/2012/11/21/business/global/newcomer-to-ratings-game-gives-france-a-dim-view.html