European Parliament President Martin Schultz, center, speaks during a media conference at EU headquarters in Brussels on Thursday, June 27, 2013. The European Union may soon have a new seven-year ... more 
European Parliament President Martin Schultz, center, speaks during a media conference at EU headquarters in Brussels on Thursday, June 27, 2013. The European Union may soon have a new seven-year budget after a surprise breakthrough deal was announced Thursday morning. European Commission President Jose Manuel Barroso announced the agreement Thursday after late-night talks with the president of the European Parliament and other officials from EU member states. Barroso said it includes more flexibility than earlier versions. (AP Photo/Virginia Mayo) less 
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Associated Press | Photo By Virginia Mayo
Thu, Jun 27, 2013 8:46 AM EDT