EU budget: Leaders edge towards compromise deal
8 February 2013 Last updated at 14:23 GMT
EU leaders are edging towards a compromise deal on the 2014-2020 budget after all-night talks, officials say.
Britain and the Netherlands were among the countries pushing for a cut to the budget.
However, some members, including France, argued that a reduction would prevent the creation of new jobs.
The BBC's Europe Correspondent Matthew Price reports.