Germany's Merkel Arrives At 10 Downing Street In London

Category: World / Nov 07, 2012 5:17PM EDT
Germany's Angela Merkel came to London on Wednesday (November 7) for talks with Prime Minister David Cameron aimed at overcoming divisions that threaten to block a European Union budget deal later this month. Cameron has said he is ready to veto the EU's seven-year budget and has attacked its "ludicrous" spending plans, in comments likely to fuel a view among many in Europe that London is drifting away from the 27-nation union. Cameron argues the EU must tighten its belt at a time of austerity and shrinking household budgets in many countries. Germany is the biggest net contributor to the EU budget while Britain, which receives an annual rebate on its payments, is the fourth largest net payer after France and Italy.