European Commissioner for Economic and Monetary Affairs Olli Rehn. Photograph: Yves Logghe/AP

The troika has said the Government remains obliged to cut the public pay bill by €300 million this year, an intervention which follows indicati(...)

François Hollande: much anticipated visit to Brussels coincided with the release of new economic data which showed that France has entered recession for the second time in four years. Laurent Dubrule/Reuters

The European Commission yesterday urged France to accelerate the implementation of structural reforms, as the commission confirmed that France (...)

Minister for Finance Michael Noonan with Eurogroup president Jeroen Dijsselbloem (left) and EU commissioner Olli Rehn in Brussels yesterday. Photograph: AP

Minister for Finance Michael Noonan has given the strongest signal yet that Ireland may avail of the European Central B(...)

Slovenian prime minister Alenka Bratusek: said the stability package would be enough to prevent the tiny Alpine country following Cyprus in the euro zone queue for a bailout. Photograph: Matej Leskovsek/International Herald Tribune

Slovenia has pledged to sell 15 state firms and raise VAT in a desperate bid to avoid an international bailout, but a reliance more on revenues(...)

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 (...)

Economics and monetary affairs commissioner Olli Rehn said France may be given two years to reach its deficit-reduction target, signalling a loosening of EU policy towards deficit reduction targets. Photograph: Reuters/Yves Herman

The rejection of the Croke Park agreement by unions could pose a risk to Ireland’s deficit reduction plans this year, the EU has warned. (...)

Protesters at the anti-austerity march in Dublin in February organised by the Irish Congress of Trade Unions. Photograph: Dara Mac Dónaill

Some Irish politicians seem to be buying the hype that Ireland is Europe’s success story, suggesting that the country ease off on austerity giv(...)

Ireland's budget deficit for 2012 was 7.6 per cent of GDP, comfortably inside the EU-IMF troika's target of 8.6 per cent, according to the Depa(...)

European Economic and Monetary Affairs Commissioner Olli Rehn speaks during a news conference at the EU Commission headquarters in Brussels earlier this month. Photograph: Francois Lenoir/Reuters

The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli (...)

Minister for Finance Michael Noonan  with Vitor Gaspar, Portugal’s minister for finance at the meeting of Ecofin ministers at Dublin Castle. Photograph: Alan Betson

The Government expects Ireland’s borrowing requirement in the years to 2020 to be “significantly” reduced as a result of a new deal with the euro z(...)

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