EU Embraces Austerity For 7-Year Budget Deal

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It took them 24 hours of talks - but this time they reached a deal. EU leaders have agreed on a 7-year budget worth almost 1 trillion euros. First came the framework - after all-night negotiations. Then after a short break on Friday morning, leaders returned to iron out the details. EU Council President Herman van Rompuy said it was a lengthy but successful summit.