Economics

EU to Hold Emergency Summit on Bloc’s Budget, February 20

European Union (EU) flags fly from flagpoles outside the Berlaymont building in Brussels, Belgium, on Wednesday, Oct. 9, 2019. The Brexit talks have turned into an angry stalemate, as U.K. and EU leaders focused on blaming each other for refusing to budge.Photographer: Jasper Juinen/Bloomberg

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By John Martens and Nikos Chrysoloras

January 25, 2020 at 4:46 PM UTC

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European Union leaders will hold a special summit on Feb. 20, with an aim of reaching a breakthrough in stalled negotiations over the bloc’s trillion-euro ($1.1 trillion) budget that are being made extra onerous by the U.K.’s withdrawal from the EU.