European Union in crunch talks on budget gap

BRUSSELS: Leading EU officials meet later Monday to try and break a deadlock on the bloc's budget for the rest of the decade with a summit of feuding national leaders looming on May 22.

European leaders inch towards deal on EU budget

European leaders are inching towards a deal on the EU's new seven-year €1tn (£860bn) budget that should allow David Cameron to argue he has succeeded in forcing a real cut in Brussels spending.

Europe on brink of recession, unemployment above 10%

BRUSSELS: Since the start of the year, one phrase has tripped off the lips of European leaders more than any other: "jobs and growth". After two years of debt crisis and budget austerity, there is a strong desire to shift the narrative on.