EU raps new member Croatia over deficit, debt

BRUSSELS: The European Commission said Tuesday new EU member Croatia is in breach of rules on the public deficit and debt and will have to take measures to remedy the problem.

Exclusive: Euro zone bailout fund should be allowed to help close failing banks - document

BRUSSELS (Reuters) - The euro zone's bailout fund should be allowed to lend to help finance the closure of banks in the bloc, a proposal prepared for euro zone finance ministers showed on Monday.

Expelling Silvio Berlusconi Won't Boost Italy's Stagnant Economy

On November 27th the Italian Senate expelled the three-time former Prime Minister Silvio Berlusconi, following his conviction for tax fraud, and in doing so deprived him of parliamentary immunity.

Greece passes 2014 budget

ATHENS, Greece (AP) — Greek lawmakers passed the government’s 2014 budget, which forecasts a return to growth after six consecutive years of deep recession, early Sunday.

Euro Hits December Highs as ECB Downplays Policy Pivot

The European Central Bank left its monetary policy firmly on hold today, offering a change in neither the key benchmark interest rate nor the deposit facility rate.