EU Parliament head Martin Schulz warns of tough talks on banking union

BRUSSELS: European Parliament head Martin Schulz warned Thursday that EU leaders face "very long negotiations" with lawmakers over a new bank regulatory system which many of them believe falls well short of what it should be.

EU to hold France, Germany to account in push for growth

Brussels (AFP) - The EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, over their growth and deficit policies.

No let-up for Spain, Italy pain from Greek vote

MILAN/MADRID: Any hopes Italy and Spain may have had that the Greek election result would ease pressure on their own debt crises were dashed early on Monday when financial markets reacted as if nothing had changed.

Euro-crisis dilemma: austerity vs. stimulus

LONDON (MarketWatch) — Spanish Prime Minister Mariano Rajoy has reopened a debate as old as the euro crisis or, indeed, debt crises themselves: Cut spending to reduce public deficits or spend to stimulate growth.