Topic: Herman Van Rompuy

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Photos of the Day: Photos of the Day 05/16
Photos of the Day: Photos of the day 11/29

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Europe indicates it's sticking with austerity. But is that working?

Herman Van Rompuy said on Monday that Europe would hold the course on austerity, but experts say there has been too little focus on growth and a lack of actual reforms.
EU leaders approve budget, and everyone wins - at least politically

Europe's leaders, in agreeing to a seven-year, 960 billion euro budget today for the EU, can all claim political victory for their constituents, but the practical implications are modest.
Irish beef avoids EU budget chop. Is agricultural subsidy reform on the menu?

Agricultural subsidies account for a whopping 40 percent of the EU budget. Ireland, which holds the EU presidency, hopes to push through subsidy reforms next.
Budget showdown? Forget D.C., Brussels girds for bruising battle (+video)

Europe's heads of state are set to meet in Brussels during the next two days to determine a new EU budget, with richer nations pushing for budget cuts that poorer countries oppose.
Putin, EU likely to remain at odds

Disputes between Russia and the European Union are wide-ranging. Contentious topics will likely be under discussion at Friday's meeting in Brussels between leaders of the two political powerhouses.
Amid criticism, EU receives Nobel Peace Prize (+video)

More than 20 top EU leaders attended today's awarding the Nobel Peace Prize to the European Union. But critics say the EU's win, coming amid the financial crisis, is inappropriate.
Norwegian protesters say EU Nobel Peace Prize win devalues award

More than 50 organizations plan to march in Oslo on Sunday to protest of the Nobel Committee's award of the 2012 Peace Prize to the EU at a time of debt crisis.
Germany forfeits to Spain and Italy, agreeing to loan directly to banks

After weeks of refusing to yield, German Chancellor Angela Merkel agreed to allow eurozone bailout funds to be used to recapitalize struggling banks.
Germany vs. Italy: At eurozone meeting, the battle is over urgent action

As Europe's leaders meet in Brussels today, Germany is pushing hard for long-term reform. But Italy PM Monti says Europe faces disaster if high borrowing costs aren't addressed quickly.
In hopes of steadying eurozone, G-20 leaders to advocate growth proposals

European leaders' response to the economic crisis has failed to calm markets, but G-20 leaders are hoping that their strong backing of growth policies will bring some relief.
Merkel says Europe ready to act as big downgrade hits Spain

Fitch slashes Spain's credit rating three notches to BBB. Germany and the rest of EU are ready to use instruments to support euro zone, Merkel says.
Leftist Greek leader ready to walk away from EU bailout deal

Alexis Tsipras has the presidential mandate to end the Greek political impasse by forming a governing coalition by Thursday.
EU leaders sign treaty to enforce fiscal discipline as Spain rebels

Spain told European Union leaders as they gathered to sign a fiscal treaty that it couldn't meet the deficit targets set by the EU for the upcoming year.
Europe pact: Members must balance budgets or suffer sanctions

European leaders signed a fiscal pact that would enforce balanced budget among member states. Leaders also pledged to promote growth. Members must still ratify the pact.
Germany's Merkel: Will she save the euro or seal its demise?

German Chancellor Angela Merkel has opposed many of the moves to stabilize the eurozone that her European colleagues favor. Is she the steady hand Europe needs now, or does she lack political courage?
Merkel, Sarkozy to Europe: shelve your sovereignty, save the euro

The plan put forth from the German and French leaders to save the euro amounts to a call for European states to give up full control over their own spending.
How an obscure rule could trample EU dissenters

The EU might invoke an 'overpass' clause to head off individual nations' objections to more centralized budgetary powers.
China won't solve Europe's debt problems

China has stressed it will not be a savior to Europe as President Hu Jintao embarks on an official visit to the continent
Sarkozy and Merkel vow support for euro (video)

But investors weren't impressed by the French and German leaders' commitment to greater regional integration. They wanted a bigger bailout fund for the euro, and they didn't get it.
'Eurobonds' anyone? Officials call for EU-wide fiscal policies to ease debt crisis

But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.
EU leaders agree on Greek bailout. Turning point in euro crisis?

European leaders in Brussels today agreed to a deal for Greece that includes $156 billion in aid, private investors, and extending the maturity period on Greek bonds.
European markets tumble as investors fear Italian default

Investors in Europe have set their sights on Italy, speculating that if a Greek bailout isn't approved and Athens defaults on its government debt, Italy is next.
Why Italy may need a bailout, too

With high debt and falling stocks, Italy appears to be the next European economy on the brink. Investors and European officials are now sounding alarm bells.
Photos of the Day: Photos of the Day 05/16
Photos of the Day: Photos of the day 11/29