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Article updated: 11/24/2012 1:30 PM

EU leaders prepare for bitter fight over budget

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People walk in front of a giant banner for the euro currency outside of an EU summit in Brussels on Thursday, Nov. 22, 2012. Leaders from around Europe are arriving in Brussels Thursday for what promises to be a turbulent summit on the budget for the 27-country European Union. And for once, Britain will be at the heart of the debate.

Associated Press

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British Prime Minister David Cameron set the tone Thursday for what is expected to be a bitter fight over the European Union's budget, warning that the latest proposal for a spending ceiling does not go far enough. Arriving at a summit of the 27 EU leaders, Cameron voiced the concerns of several countries that do not want to see an increase in the bloc's seven-year spending plan at a time when tough spending cuts are being imposed back home.
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