European Commission

European Commission

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  EU leaders in Norway to pick up Nobel Peace Prize

  European Union leaders on Sunday hailed the achievements of the 27-nation bloc, but acknowledged they need more integration and authority to solve ... 

• Cyprus parliament approves public sector pay cuts

  Cyprus is already starting to follow the terms of a preliminary bailout deal it struck with international creditors as the country's parliament ... 

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  EU imposes massive fine on TV, monitor producers

  For years, some top managers at electronics multinationals would hold secretive meetings in Europe and Asia to fix the global market on the most ... 

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  Class of 2012: Young Europeans trapped by language

  Maria Menendez, a 25-year-old caught in Spain's job-destroying economic crisis, would love to work in Germany as a veterinarian. Germany, facing an ... 

• Cyprus president: punishment for bailout culprits

  Officials responsible for the near-collapse of Cyprus' banks that pushed the island to seek an international bailout must face justice, the country's ... 

• Cyprus rushes adoption of austerity measures

  Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec. 

• Wall section collapses in Pompeii after heavy rain

  The Italian news agency ANSA says a wall at the Pompeii archeological site has collapsed following days of heavy rain. The collapse Friday of a ... 

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  Eurozone unemployment hits another record high

  Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by ... 

• EU: Will scrap visas if Moldova fights corruption

  A top EU official says the bloc would scrap visas for Moldovans if their government tackles corruption, respects democratic standards and reforms its ... 

• RBS to wind down Indian unit as sale falls through

  Royal Bank of Scotland says it will wind down its retail and commercial bank operations in India after a sale to HSBC fell through. RBS said the ... 

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  Greek bankruptcy averted _ for now

  European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional ... 

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  Eurozone, IMF reach deal to reduce Greek debt

  The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a program to reduce Greek debt and ... 

• Survey: German consumer confidence slightly lower

  A new survey shows that German consumer confidence is declining slightly as Europe's financial crisis grinds on. The GfK research institute said ... 

• EU summit ends without budget deal

  A summit of the European Union's 27 national leaders, charged with agreeing on a long-term budget for the bloc, broke up Friday afternoon without ...