
The European Union and the US will begin formal talks on a free-trade agreement, paving the way for the biggest trade deal in history. European Commission President Jose Manuel Barroso made the announcement following President Barack Obama’s State of the Union address. A deal would bring down trading barriers between the two biggest economies in [...]

Workers across the European Union are staging a series of protests and strikes against austerity measures and rising unemployment. General strikes in Spain and Portugal halted transport, businesses and schools and led to clashes between police and protesters in Madrid. Smaller strikes were reported in Greece, Italy and Belgium, and rallies were planned in other [...]

Senior EU officials are warning that it is proving harder than ever to reach an agreement on the European Union’s next multi-annual budget. Ministers are meeting on Monday for further talks and EU leaders will hold a special summit in November to try to strike a budget deal. The European Commission has proposed an overall [...]

EU Commission President Jose Manuel Barroso has called for the EU to evolve into a “federation of nation-states”. Addressing the EU parliament in Strasbourg, Jose Manuel Barroso said such a move was necessary to combat the continent’s economic crisis. He said he believed Greece would be able to stay in the eurozone if it stood [...]

A new report by the aid watchdog Data shows that European debt crisis has led to cuts in government development aid to poor countries. It is the first significant reduction in Europe-wide aid budgets for a decade. The biggest percentage cuts in the year 2010/11 were made by two of the states worst affected by [...]

Political change within days in Greece may mean the country has to ultimately leave the euro. If that was to happen, how would they go about introducing a new currency? Greek voters could this week hand power to anti-austerity parties who want to scrap the bailout, the deal that qualifies Greece for vital eurozone funds. [...]

Romania’s centre-right government led by PM Mihai Razvan Ungureanu lost a confidence vote today after 78 days of governing. The no-confidence bill was filed by the liberal and centre-left opposition (USL) and won 235 votes in the 471-seat chamber, while the government was backed by only got 9 lawmakers. It is for the second time [...]

King Juan Carlos of Spain has come under fire for hunting elephants in Botswana as his country is being sucked back into the eurozone’s financial crisis and one in two youngsters are jobless. Spanish media have slammed King Juan Carlos, 74, for the reported 32,000 Euros ($43,000) cost of the trip – and have published [...]