Post-Brexit Budget Impasse Exposes Europe’s Divisions at Summit

(Bloomberg) -- The European Union’s first post-Brexit summit descended into acrimony as squabbling over the bloc’s trillion-euro budget exposed the fault lines holding back its geopolitical ambition.After a 28-hour gathering in Brussels, EU leaders conceded it was impossible to agree on a seven-year fiscal plan amid differences over spending. They’ll have to reconvene sometime before the end-2020 deadline.“Unfortunately today we’ve observed that it wasn’t poss