European Commission
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In face of debt crisis, EU asks for budget increase
Nov 19, 2012
While most EU governments have been forced to freeze or cut their spending drastically, the European Commission is asking for a six percent budget increase.
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European economic outlook grows darker
Nov 7, 2012
The storm clouds are gathering over the European economy. The European Commission says the economy in the European Union will shrink this year and that next year it will only barely grow.
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European Commission recommends banking union
May 30, 2012
The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
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Euro banking union could reduce Spanish burden
May 30, 2012
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
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Europe plans new rules for ratings agencies
Nov 15, 2011
The big credit ratings agencies -- S&P, Moody's -- faced enormous criticism in the United States for their role in the housing crisis. In Europe, many countries now say those same firms are feeding the debt crisis. So European regulators are pushing back.
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