The Greece debt crisis, which is still subject to German parliamentary approval and may be challenged in court, is putting unsustainable stress on the European Central Bank, some analysts say.
Bulgaria's arrest today of an ex-minister accused of bribes, and recent jail sentences of two major figures for fraud and embezzlement, show that the misbehaving state is finally taking the European Union's cues to crack down on government corruption.
Israelis in costume attend the annual Purim parade in Holon, near Tel Aviv, Israel, on March 1. Purim celebrates the Jews' salvation from genocide in ancient Persia, as recounted in the Scroll of Esther.
The European Union is pushing Greece into deep economic reforms as a way to end the Greek debt crisis and stabilize the weakening euro.
President Boris Tadic launched Serbia's formal bid to join the European Union on Tuesday, saying that the country would overcome 'challenges' in its relationship with the EU, including differing views on the independence of Kosovo.
The government collapsed this week and banks are on life support. Icelanders are now giving the European Union another look.
Frustrations mount over Bulgaria – the most violent, corrupt, and poorest of EU members. Aid is being withheld as reform promises are made (and broken). Can it be fixed?
The victory of his pro-EU party Sunday defied the Western view of Serbs as unwilling to let go of historical grievances. Now, a peaceful future seems possible.
Serbia will sign a premembership deal with the E.U. today that could bolster trailing pro-Western parties and give it greater access to record funding for the Balkans.
The country's highest court is weighing whether to allow a motion to shut down the party, saying its Islamic initiatives cross a constitutional line.