Merkel has 'doubts' on EU budget agreement

German Chancellor Angela Merkel doubted whether an agreement on the European Union's seven-year budget could be reached this week and that a further round of negotiations would likely be required at a later date.

I believe that the positions are quite far apart, in certain respects.

I believe that we will move forward a little tomorrow but I have my doubts that we will achieve a result. There is a high likelihood of a second stage.