My Way News - EU leaders inch toward budget deal at tough summit
My Way News reports: "European Union leaders closed in on a deal that would cut the bloc's budget for the first time in history and deliver a strong message that years of expanding EU powers were on the wane. If a deal emerges Friday, the budget would still need to be ratified by the European Parliament, and early signs suggest that may prove problematic [...] The hard-fought summit in Brussels is, at base, a tussle about what the 27-nation European Union stands for: some leaders argue that it's a drag on national budgets in tough economic times, while others say the economic crisis highlights the need for closer and deeper ties."