In its annual report, the European Commission recommended that Serbia become a formal candidate for EU accession. But a diplomatic deadlock over Kosovo's sovereignty is a major impediment to moving forward.
Slovakia's vote against expanding the European bailout fund presents an unwelcome obstacle to solving Europe's debt crisis. It also caused the fall of the tiny country's government.
Bank debt crisis has reached point where governments need to move decisively, Europe's central banker says. Fears of government defaults have spread to markets and fears about bank debt and funding.
Yulia Tymoshenko, the Ukrainian opposition leader, was sentenced to seven years in prison for 'criminal abuse' during her term as prime minister, though critics say the trial was politically motivated.
As the global economy founders, refinancing Europe's banks to deal with the debt crisis might be preferable to bailing out countries, experts say – and politicians are starting to agree.
European Central Bank chief Jean-Claude Trichet offered European banks emergency short-term loans. Speculation is rising over a plan by EU leaders to recapitalize banks.
Angela Merkel, the German chancellor, met with EU chief Jose Manuel Barrosso on Wednesday. Angela Merkel said her government is ready to help German banks, if necessary.
Stock market woes continue as Greece admits it won't meet deficit targets. European stocks fall, along with US stock market futures.
Stock market ends on down note over renewed worries about Europe. The S&P 500 stock market index has lost 14.3 percent in the third quarter.