Europe, according to the Centre for European Policy Studies chief Daniel Gros, wasted an opportunity when it published its so-called bank stress tests.
Seven European Union banks have failed the stress tests run by regulators on 91 lenders and will need to find extra funding on the markets or from governments, the Committee of European Banking Supervisors (CEBS) said Friday.
Kosovo won a major victory on the world stage Thursday as the United Nations highest court said its 2008 declaration of independence from Serbia was legal.
Hungary won’t be able to access capital markets if it can’t reach agreement with the International Monetary Fund and the European Union on the terms of its bailout loan, Nomura International Plc said.
Serbias president described as "historic" the meeting with his Croatian counterpart in Belgrade Sunday, as the former foes took another step toward improved cooperation.
Chancellor Angela Merkel faces a tough test on Sunday, when almost a quarter of Germans go to the polls after this weeks decision to bail Greece out with billions of euros of government-backed loans.
The European Union must make its economy smarter by putting more money into science, engineering, research and development in the next decade, the head of the blocs executive wrote Wednesday ahead of a key summit.
Desperate times breed desperate measures, and right now the European Union is really worried about what Greeces economic woes are doing to the credibility of the euro.
British Prime Minister Gordon Brown on Thursday gave up his bid to secure the job of EU president for Tony Blair but won support for commissioner Catherine Ashton to become foreign policy supremo.
The Czech Republic′s Constitutional Court on Tuesday adjourned until November 3 a hearing on whether the European Union′s reform Lisbon Treaty is in line with Czech law, court chairman Pavel Rychetsky said.