Let the battle commence! EU leaders talk post-Brexit budget

European Union leaders have staked out opposing positions regarding the bloc's budget ahead of tough negotiations to deal with a hole in Brussels' finances created by Britain's planned departure next year.

In the summit debate, all EU states except Britain are expected to say whether they agree to increase the 2021-2027 buget to pay for new common policies on security, defence and migration, at a time when Brexit will slash revenues to the common pot by 10-12 billion euros a year.