EU leaders discuss $1.2 trillion post-Brexit budget

BRUSSELS (Reuters) - European Union leaders will discuss a new budget plan on Friday that could allow the bloc to spend up to 1.1 trillion euros ($1.2 trillion) in the 2021-2027 period, but deep divisions among governments could block a deal for months.Under a proposal prepared by Finland, which holds the EU's rotating presidency, the next long-term budget should have a financial capacity between 1.03% and 1.08% of the bloc's gross national income (GNI), a measure of output.That would allow the..