Meet Van Rompuy, Europe's new President

Belgian Prime Minister Herman Van Rompuy has been elected as the first President of the European Union, while Britain's European Trade Commissioner, Baroness Ashton, is the new Foreign Minister of......

European summit in Brussels heading for collapse

A special summit of the European Union leaders in Brussels to reach a deal on its next seven-year budget appeared heading for a collapse after their negotiations got bogged down on Thursday night......

Euro-zone banks: EU deal on supervisory body

European Union leaders have reached a deal to set up a joint supervisory body for the euro-zone banks next year as the first step towards a banking union in the single currency area.They agreed on......

Merkel set for confrontation with other EU leaders

German Chancellor Angela Merkel is heading for a confrontation with her other European counterparts at a crucial EU summit as she dashed hopes for an agreement to share debt liability among the......

Fresh Euro turmoil: Mekel, Sarkozy call emergency meet

German Chancellor Angela Merkel and French President Nicholas Sarkozy will hold an emergency meeting ahead of the G20 summit in Cannes in the wake of Greek Premier George Papandreou's surprise......