EU in slow progress on deficit cuts

New figures from the European Commission show that EU governments are gradually making progress with their financial problems.

EU to clamp down on tax evasion: European Commission

BRUSSELS: EU governments lose a "scandalous" one trillion euros ($1.3 trillion) a year to tax dodgers and that has to stop now to prevent further damage to state finances and the economy, the European Commission said on Thursday.

Corrected: In austere times, EU to discuss 6.8 percent budget rise

(Reuters) - The European Commission will risk accusations of double standards on Wednesday when it proposes a 6.8 percent increase in the European Union's budget next year despite calls for fiscal discipline across the bloc.