The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said in Germany on Thursday.
The European Central Bank pared back its key interest rates as expected Thursday amid mounting calls across the eurozone to focus on growth rather than austerity.
The European Union is set to impose a two-year ban on three pesticides linked to bee deaths after a majority of member countries voted in favour of a moratorium on Monday.
The European Union unlocked its door to Serbia and Kosovo on Monday in reward for striking a landmark agreement to normalise ties and turn the page on the last searing trouble-spot in the Balkans.
"Unacceptably" high eurozone unemployment ran at a record 12 percent in February, official data showed Tuesday, with more than 19 million people on the dole a "tragedy" for Europe.
Cyprus President Nicos Anastasiades was on his way to Brussels on Sunday in a last-ditch push to save the crisis-hit island from bankruptcy if no deal is struck to bail it out ahead of a Monday deadline.
European Union leaders wrestled on Thursday with German demands for strict austerity and a French-led push for growth-friendly spending at a summit targeted by thousands of protesters angry over rampant unemployment.
Passengers left stranded in airports by delays and cancellations are set to win new rights to food, water, compensation and fresh flights under a package of measures unveiled by the European Commission on Wednesday.
European Commission Vice-President Viviane Reding marks International Women's Day by reflecting on what Europe has done to improve gender equality.
The European Central Bank Thursday held its main refinancing rate at a historic low of 0.75 percent, despite concerns that political gridlock in Italy could trigger a resurgence in the debt crisis.
The European Union has reached a deal to cap bankers' bonuses, which critics say played a major role in driving the financial crisis, officials said on Thursday.
EU fishery ministers agreed Wednesday to implement a ban on discards, the wasteful practice of dumping unwanted fish overboard, by easing quota limits, much to the anger of environmental groups.
Moody's stripped Britain of its triple-A debt rating Friday, saying government debt was still mounting and that growth was too weak to reverse the trend before 2016.
The eurozone is staring at another full year of recession in 2013 with unemployment likely to surge above the 20-million mark with France in particular overshooting fiscal targets, the EU warned on Friday.
EU leaders looked ready on Friday to cut the bloc's budget for the first time in its six-decade history, with a tentative agreement to trim spending by three percent in absolute terms over the rest of the decade, diplomats said.
The International Monetary Fund will send a staff mission to Greece next month to assess the country's performance under an austerity program backed by an international rescue, an IMF spokesman said Thursday.
European commissioner Algirdas Semeta has criticised Luxembourg and Austrian policies on banking secrecy, suggesting in an interview that the EU might file a complaint on the issue.
The head of the European Central Bank said on Friday that 2012 would be seen as the year the embattled single currency was "relaunched" despite its crippling economic crisis.
Respected leader, defender of the euro and the wider European dream, Jean-Claude Juncker steps down this week as head of the eurozone finance ministers group after eight often tumultuous years.
Eurozone finance ministers will get a new head on Monday, outgoing chair Jean-Claude Juncker said, with the Netherlands expected to take the helm as the single currency bloc rides out the debt storm.
Outgoing Eurogroup head Jean-Claude Juncker is to host on Friday his probable successor, Dutch Finance Minister Jeroen Dijsselbloem, the Luxembourg government announced on Wednesday.
In a bid to seize the initiative from increasingly sophisticated online criminals, the European Union unveiled a new cybercrime centre which is set to open its doors on Friday.
European unemployment has hit an "unacceptable" high, as one national leader put it on Tuesday, with dire figures in Spain highlighting a growing north-south divide that experts warn will only get worse.
The European Central Bank will usher in 2013 with steady interest rates at its first policy meeting this year to keep up the pressure on governments to solve the debt crisis, analysts predict.
In an interview with German news platform “VDI Nachrichten” Luxembourg Prime Minister Jean-Claude Juncker said that he has no intention of becoming the next EU Council President.
Bank lending to private households in the eurozone contracted again in November as the region's debt crisis continues to dampen demand for credit, data showed on Thursday.
The eurozone is more stable than it was this time last year and price pressures are well contained, a senior member of the European Central Bank was quoted as saying on Monday.
The International Monetary Fund and European Commission officials have encouraged France and its eurozone partners not to fixate on deficit reduction targets if it would exacerbate the bloc's debt crisis.
German Finance Minister Wolfgang Schaeuble said on Friday he considered his Dutch counterpart Jeroen Dijsselbloem as a good possible candidate to take over as head of the Eurogroup of finance ministers.
Dutch Finance Minister Jeroen Dijsselbloem is the favourite to succeed Luxembourg's Jean-Claude Juncker as head of the eurozone finance ministers group, a report said Monday, but officials said there is still no agreement.
While not all expectations were met at the EU summit in Brussels this week, Luxembourg's Prime Minister Jean-Claude Juncker said it has been a positive year for Europe.
European leaders doused hopes of a radical eurozone overhaul on Friday, after brokering deals to control banks and refloat Greece seen as adequate to stem the immediate crisis.
European Central Bank President Mario Draghi has welcomed a European Union agreement to create a bank supervisor to oversee lenders across the eurozone.
The European Parliament approved a long-delayed EU 2013 budget on Wednesday, including conditions that member states make up shortfalls in the current year's spending programme.
French President Francois Hollande said Monday in Oslo that the eurozone crisis was "behind us," as he lauded the efforts the European Union has made to "resolve the problems."
Plans to design a new banking union across eurozone and European Union borders collapsed Tuesday as sharp differences between Berlin, London and Paris forced yet another crisis meeting.
The EU's bailout fund said on Tuesday it will launch one-year bonds as an alternative to its planned three-year bonds, which it shelved last week after rating agency Moody's downgraded France's debt rating.
Jean-Claude Juncker calls for two-year delay in debt targets to ease Greece's long-term debt burden, but not everyone agrees.
European Justice Commissioner Viviane Reding makes a case for a United States of Europe as a means of finding a way out of the current debt and financial crises.
The collapse of EU talks on Friday without agreeing a seven-year budget is not calamitous, the bloc will continue to function, but it does heap yet more pressure on a divided European Union mired in an intractable debt crisis.
European leaders voiced doubts Friday on reaching agreement on a trillion-euro EU budget for 2014-2020, as gruelling talks pushed into a second day with a deal to bridge bitter divisions seeming increasingly distant.
Eurozone finance ministers failed at an emergency meeting Wednesday to strike a deal to unblock bailout funds needed to keep Greece from bankruptcy and said they would try again next week.
The 17-nation eurozone was in recession for the second time in three years in the third quarter, official data showed Thursday, as the debt crisis exacts a heavy toll and the outlook darkens steadily.
The European Union faces a midnight deadline on Tuesday to overcome a row between the bloc's have and have-not nations preventing governments from agreeing a budget for this year and next.
With Greece voting on its 2013 budget on Sunday, Eurogroup President Jean-Claude Juncker has called for swift action between eurozone members for further aid.
Europe will find it easier to work with a re-elected US president than with a new leader in Washington, the head of the Eurogroup of finance ministers said on Wednesday.
The European Central Bank is set to introduce new euro bank notes with improved security features, according to media reports.
Spain has blocked the appointment of Luxembourg national Yves Mersch to the board of the ECB, thrusting back onto the EU's summit agenda a running sore about a lack of women candidates at the all-male institution.
European lawmakers, angry because no women candidates were considered, have told EU president Herman Van Rompuy that naming Luxembourg's Yves Mersch to a key European Central Bank post would be unfair and destroy mutual trust with parliament.
EU governments are expected to confirm Luxembourg's central banker in a key ECB post Monday, despite opposition from the European Parliament which wants female representation, a eurozone source said Wednesday.
Luxembourg candidate for a top position at the European Central Bank, Yves Mersch, who was rejected by the European Parliament in a row over gender equality, won backing from Germany on Friday.
The decision not to appoint Yves Mersch to the ECB board has been blasted as “ridiculous” and “surreal” by Luxembourg critics.
European lawmakers snubbed the bloc's top leadership Thursday, voting down the appointment of Luxembourg's Yves Mersch to a key European Central Bank post in protest at a lack of women candidates for the job.
The European Parliament is set to make a decision on the candidacy of Yves Mersch for a post on the board of the European Central Bank after weeks of controversy.
Spain seems condemned to pay for its own banking rescue after Germany flatly refused to let the eurozone's future bank supervisor do so, analysts say - bad news for Spain's soaring public debt.
Jean-Claude Juncker hopes to hand over the Eurogroup presidency at the end of the year, Luxembourg's Premier told the Luxemburger Wort in an interview.
EU leaders on Thursday go into the first of three summits before Christmas on strengthening the bloc's foundations, with France saying an end to the crippling eurozone debt crisis is "very close."
While Yves Mersch's hearing into his candidacy for a post on the European Central Bank's executive board is scheduled for October 22, sources indicate that the outcome of the hearing is already agreed.
Top eurozone states agreed on Tuesday to launch a controversial financial transactions tax designed to make markets pay for decades of excess.
The eurozone launched its 500-billion-euro debt rescue fund on Monday in what Eurogroup leader Jean-Claude Juncker hailed as "an historic milestone."
The European Stability Mechanism (ESM), to be formally launched on Monday with an inaugural board meeting, is one of the key elements in the eurozone's defences against a debilitating debt crisis.
The eurozone finally gets its 500 billion euro rescue fund on Monday when finance ministers meet amid growing uncertainty over Greece's tortuous debt bailout and whether Spain will need help in turn.
Leading EU lawmakers will discuss taking EU states to court over the absence of female representation at the European Central Bank during a closed door meeting on Tuesday, a European Parliament source said.
Spanish protestors, demonstrating in the country's capital again austerity measures, clashed with riot police for the third time in less than a week near Parliament.
Germany's main opposition party named a feisty former finance minister to lead its bid to unseat Chancellor Angela Merkel from the helm of Europe's top economy in elections next year.
Germany's president Thursday ratified the European Union's 500-billion-euro firewall to help struggling eurozone countries, paving the way for the fund to come into force on October 8.
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