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EU summit failure "not a good day" for Europe - Germany's Schroeder.

Asia Africa Intelligence Wire

| June 18, 2005 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Text of a report by German news agency ddp

Berlin - For Chancellor Gerhard Schroeder Europe has plunged into a severe crisis. "This is one of the most severe crises that Europe has ever experienced," Schroeder said shortly after the failure of the EU summit in Brussels, Friday night [17 June], at which it was impossible to come to an agreement over the bloc's finances. The Chancellor blamed the failure primarily on Great Britain and the Netherlands, for their "extremely intransigent attitude."

Schroeder stressed that he regretted that "part of the EU's political substance could not be preserved." Those who …

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