On Monday, Italy and later France published letters to commision vice president for economic affairs Jyrki Katainen outlining adjustments to next year’s budgets that would further trim deficits

The European Commission called tweaks to France and Italy’s 2015 budgets “useful and constructive” on Tuesday as it prepared to decide whether the cou(...)

Italy’s finance minister Pier Padoan (left) chats with his French counterpart Michel Sapin prior to the EU euro group finance ministers meeting in Luxembourg on Monday. France and Italy, the euro zone’s second and third largest economies, are struggling to rein in dangerous deficit and debt levels.

As Michael Noonan unveiled the budget in Dublin on Tuesday, another, but not unconnected, debate was taking place in Luxembourg.With euro zone countri(...)

Euro group president and Dutch finance minister Jeroen Dijsselbloem at the EU headquarters in Luxembourg yesterday. Photograph: Nicolas Bouvy/EPA

in Luxembourg The European Union has agreed to back new rules on the automatic exchange of information on bank accounts, although Austria was given a(...)

Euro-group president Jeroen Dijsselbloem (left) speaks to Finnish prime minister Jyrki Katainen, before the  euro-group finance ministers’ meeting at EU headquarters in Luxembourg yesterday. Photograph: EPA/Nicolas Bouvy

Incoming European Commission vice-president Jyrki Katainen insisted yesterday that all euro zone countries would be treated “fairly and equally” by(...)

German finance minister Wolfgang Schauble: dismissed suggestions Berlin had come under pressure to shift its economic course as “spin doctoring”.

German finance minister Wolfgang Schauble put on a brave face at the end of IMF meetings in Washington this weekend, dismissing suggestions Berlin ha(...)

Incoming European Commission president Jean-Claude Juncker: to consult European Parliament leaders on configuration of new European Commission. Photograph: Alan Betson

Incoming European Commission president Jean-Claude Juncker is not considering a Plan B in relation to the configuration of the new European Commiss(...)

Minister for Finance Michael Noonan “extremely pleased” with the new line-up of commissioners with responsibility for taxation matters. Photograph: Cathal McNaughton/Reuters

Minister for Finance Michael Noonan has moved to allay concerns that the changes announced at the European Commission last week will increase press(...)

From left: ECB president Mario Draghi, Finnish prime minister Jyrki Katainen and euro-group president Jeroen Dijsselbloem at the European financial ministers’ meeting in Milanyesterday. Photograph: EPA/Matteo Bazzi

European Central Bank president Mario Draghi yesterday warned euro zone countries that they must continue to implement structural reforms despite p(...)

European Commission president elect Jean-Claude Juncker: said yesterday his new team “will put Europe back on the path to jobs and growth”. Photograph: Geert Vanden Wijngaert/AP

A smiling Jean-Claude Juncker greeted journalists in the press room of the European Commission’s Berlaymont building yesterday to unveil the team of c(...)

European Commission president elect Jean-Claude Juncker gestures as he addresses the media on the attribution of portfolios to the Commissioners-designate at the European Commission headquarters in Brussels.

The incoming head of the European Commission, Jean-Claude Juncker, unveiled an EU executive team today that handed key economic responsibilities to Fr(...)