Jose Manuel Barroso
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Barroso: EU budget talks "constructive"

23 November 2012 Last updated at 22:36 GMT

European Commission chief Jose Manuel Barroso has said talks on the next European Union budget had failed owing to "important differences of opinion - especially in overall size of the budget".

Mr Barroso said the talks had been constructive but added, "we are not yet at the point of reaching consensus."