Jean-Claude Juncker is the favourite to be put forward for European Commission president, mainly because he has received the support of Angela Merkel’s Christian Democratic Union (CDU) party. Photograph: Getty

What is happening today? The European People’s Party (EPP), the umbrella-group for centre-right parties in the European Parliament, is meeting i(...)

A woman enters the Bank of Portugal in Lisbon. The latest troika review of the Portuguese programme said that the programme was on track. Photograph:Rafael Marchante/Reuters

Divisions have emerged within the Portuguese government about the country’s strategy for exiting its bailout, with finance minister Maria Luis (...)

Minister for Finance Michael Noonan with Jeroen Djisselbloem (left, president of the Eurogroup), Luis de Guindos (Spanish economy minister) and Maria Luis Albuquerque (Portuguese finance minister). Photograph: Peter Cavanagh

Minister for Finance Michael Noonan has said the Government’s intention to sell its stake in Allied Irish Banks will not preclude any potential retroa(...)

A man and a child walk past the office building of Abanka bank in Ljubljana. Slovenia’s banks need to find €4.8 billion to stay afloat, the government acknowledged on Thursday. Photograph: Srdjan Zivulovic/Reuters

Slovenia will not require financial assistance from the euro zone, the European Commission said yesterday, after the eastern European state unveiled t(...)

German Chancellor Angela Merkel and French President Francois Hollande:  will present at a key EU summit this month.  Photograph:  Antoine Antoniol/Getty Images

Europe’s plan for a EU-wide banking union suffered a setback yesterday after France and Germany published an alternative proposal for European economi(...)

European Commission president José Manuel Barroso: “While the leap towards monetary union was taken, the economic leg of the EMU [European Monetary Union] stayed behind.” Photograph: Reuters/Francois Lenoir

Further economic and monetary integration must be a priority if the European Union is to meet the challenges of the 21st century, a conference (...)