Not long after midnight on Saturday morning, June 18, 2005, Luxembourg's Jean-Claude Juncker, the current President of the European Council of Ministers, announced to his colleagues that negotiations on the European Union budget for the next fiscal period, 2007-2013, had ended in failure. The timing of the announcement was somewhat ironic: 190 years to the day after the battle of Waterloo, old antagonists France and England were at the center of controversy over the summit's failure to reach agreement. German chancellor Gerhard Schr