German Chancellor Angela Merkel and Spanish Prime Minister Mariano Rajoy meet in Berlin later today for talks on the euro debt crisis and the European Union's new budget. The talks in Berlin between the German and Spanish leaders form part of the round of consultations by European leaders ahead of this week's summit on the EU's 2014 to 2020 budget, according to a report of DPA. On Thursday Merkel held talks in Berlin with Italian Prime Minister Mario Monti and on Wednesday is set to meet French President Francois Hollande in Paris.