Poland’s finance minister Teresa Czerwinska and Czech Republic finance minister Alena Schillerova ahead of the Ecofin meeting. Photograph: Emmanuel Dunand/AFP/Getty Images

EU attempts to tax the digital giants were laid to rest by EU finance ministers at their Ecofin meeting in Brussels on Tuesday. They agreed to freeze(...)

The European Commission has strongly criticised the Government’s housing policy, suggesting rapidly rising rents, insufficient residential constructio(...)

European commission vice-president Valdis Dombrovskis said Italy urgently needed to restore investor confidence. Photograph: Reuters

Rome and Brussels have ended their long-running feud over Italy’s 2019 budget, striking a deal on spending plans that had rattled investors and stoked(...)

Italy’s deputy prime minister, Luigi Di Maio, said the European Commission couldn’t seek to “massacre Italians” over budgetary measures. Photograph: Getty

The European Commission wants to launch disciplinary proceedings against Italy over concerns that profligate spending plans by the country’s populist (...)

Pierre Moscovici said Greece’s plan to run a surplus of 3.5 per cent of GDP would allow the government to cancel much-feared pension cuts. Photograph: Stephanie Lecocq/EPA

Paschal Donohoe’s budget, and those of 10 euro states, have been given a clean bill of health by the European Commission in its review of euro member (...)

Giuseppe Conte, Italy’s prime minister. The European Commission has formally rejected Italy’s draft budget. Photograph: Alessia Pierdomenico/Bloomberg

The European Commission has given Italy’s populist government three weeks to redraft its 2019 budget or face European sanctions. The move, likely to (...)

The shortfall for the euro zone’s 35 biggest and most complex banking groups stood at €125 billion last year. Photograph: Francois Lenoir/Reuters

European political leaders need another financial crisis to frighten them into completing a banking union, a senior EU official said on Monday. He sai(...)

Valdis Dombrovskis: “What we call for now is that CMU is made a priority.” Photograph: François Lenoir/Reuters

The EU’s financial services chief has warned that its flagship project to boost private sector investment in business is in jeopardy, with governments(...)

European semester 2018: EU vice-president Valdis Dombrovskis and commissioners Marianne Thyssen and Pierre Moscovici at the launch of the spring package. Photograph: John Thys/AFP/Getty

Ireland is vulnerable to “macroeconomic imbalances” despite substantial improvements in its economic performance, the European Commission has warned. (...)

epaItaly’s Five Star Movement leader Luigi Di Maio is surrounded by the media as he leaves  the parliament building   in Rome on Wednesday. Photograph: Giuseppe Lami/EPA

Italy’s two anti-establishment parties agreed the basis for a governing accord on Thursday that would slash taxes, ramp up welfare spending and pose (...)

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