Brussels - Ambitious plans to kickstart the European Union's economy by putting 5 billion euros (6.3 billion dollars) of community funds into high-tech projects went back to the drawing board Monday, as EU foreign ministers argued over where the money should come from.
Failure to reach an agreement on the proposal would represent a major embarrassment for European Commission President Jose Manuel Barroso, who has called it a key part of the bloc's response to the economic crisis.
Ministers meeting in Brussels agreed that the money should not come out of the EU's budget for 2008, as had been originally proposed by the EU's executive, but failed to agree on alternative sources of funding, diplomatic sources said.