The European Parliament announced that the negotiations on next year's EU budget were suspended on 10 November due to disagreement between Parliament and Council over possible solutions to counter the lack of remaining funds in the 2012 budget. Parliament and Council have until midnight on 13 November to reach an agreement.

According to Parliament's lead negotiator Alain Lamassoure, the differences between the positions of Council and Parliament were too far apart to continue talks on 10 November. The major disagreement was found over possible solutions to counter the lack of remaining funds in the 2012 budget. If there is no agreement within 21 days, trilateral talks continue and set the basis of a new draft budget for 2013 to be presented by the Commission. The European Parliament already refused the Council budget proposal for 2013 in October 2012.

MEPs insisted on finding a solution for the budget shortfall to make payments in 2012. Parliament also fears that these bills will be pushed back to 2013, which would jeopardise implementing EU policies next year and contradict the declaration signed by the member states in November last year. Therefore, Parliament supported the Commission's proposal to add €8.9 billion to the 2012 budget to allow the Commission to reimburse member states authorities for funds they advanced to beneficiaries in their countries. A blocking minority of member states insisted the Commission should reimburse from the current budget.

The countries most hit by the deadlock over payments in 2012 are Italy, Spain, Poland, Germany, Greece, Czech Republic and Bulgaria. These countries have all pre-financed EU expenditure with amounts varying from €400 million to €1.9 billion. The Parliament also announced the only outcome of that meeting which was a declaration of political will to finance so-called ‘solidarity support’ to earthquake victims in Italy (€670 million), but without an agreement on how to finance it.