EU bailout fund releases Cyprus aid payment

BRUSSELS: The EU on Monday handed over the first two billion euros of loans agreed under the controversial Cyprus aid deal, the bloc's European Stability Mechanism said in a statement.

EU leaders agree 3% budget cut deal in Brussels

EU leaders have reached an agreement on the budget for 2014-20 after lengthy talks in Brussels.

Euro: EU seeks new joint strategy

EU leaders look set to agree on a growth package for the struggling eurozone but Italy and Spain want quick action to lower their borrowing costs.

Greek exit would destabilise world economy: lobby

The head of the global banking lobby which handled the private debt write-off for Greece warned on Friday that if the country leaves the eurozone, the world economy would suffer badly.

EU summit: Merkel challenged on growth strategy

EU leaders have started summit talks in Brussels with Germany resisting pressure to launch eurobonds as a way to ease the eurozone crisis.

EU misses IMF loan target as UK says no

Britain’s refusal to contribute to the IMF for a eurozone bailout fund has left the EU short of its 200 billion euro target.