BRUSSELS: Tough talks on the European Union's budget collapsed at the stroke of midnight on Monday as a clash of wills in times of austerity left totemic plans to project the bloc on the global stage hanging by a thread.
As markets looked to the EU to pluck Ireland and Portugal from financial doldrums, the 27-nation bloc crashed into an ugly deadlock on the last leg of its own desperate battle to draft a budget for 2011.
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