What had been planned as a two-day summit has become one of the longest in EU history.
Talks were originally planned to end on Saturday, but the effort to broker a compromise pushed leaders to extend their hotel stays.
It has been compared to the Nice summit in 2000, where arguments over treaty changes and enlargement stretched into four days.
The European Council press service tweeted that the 2000 summit in Nice “started at 09h45 am on Thu 7/12 for the ‘European Conference’ (#EU15 plus accession candidates + others) and lasted until 05h30 am on Monday 11/12.”
The latest summit falls just short of the Nice summit record.
Luxembourg Prime Minister Xavier Bettel said in his seven years experience of European meetings he “had never seen positions as diametrically opposed as this.”
“This is really a very, very difficult negotiation because it is not only about this one new set of big money, but it really changes the contours of monetary union,” Guntram Wolff, Director of the Bruegel economic think tank in Brussels, told Euronews.
“Its the first time the EU borrows money to give it as grants to countries. So it’s really a game-changer in terms of how this monetary union, how this European Union works.”
Read from source