Greece and its international lenders reached an 85 billion euro ($93.6 billion) bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin.
The deal, which came after 23 h
The European Commission on Monday approved 2.4 billion euros ($2.6 billion) of aid over six years for countries including Greece and Italy that have struggled to cope with a surge in numbers of immigrants.
Italy is to receive the
The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance ministry said on Friday.
The latest paroxysm of Greece's debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU's most ambitious project.
The most worrying
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis T
European Union (EU) and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athe
FedEx has asked the European Union's competition regulator to approve its €4.4-billion ($4.9 billion) bid for Dutch rival TNT Express, the US package delivery service company.
The deal, which will combine FedEx's air
Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone.
The European Union welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks on Monday where creditors want 11th-hour concessions to haul Athens back from the brink of bankruptcy.
A European Union without Britain would be "impossible", Italian Prime Minister Matteo Renzi said on Wednesday, after talks with Prime Minister David Cameron about his plans to reshape Britain's EU ties before an in-out membership r