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IMF pushes EU to simplify 'complicated' budget rules

Last Updated: Thursday, June 19, 2014, 23:09

The European Union must find ways to simplify its "excessively complicated" budget rules that are rarely met by struggling economies and discourage investment, the IMF said on Thursday.

EU agrees $1.3 trillion multi-annual budget deal

Last Updated: Thursday, June 27, 2013, 19:28

European Commission President Jose Manuel Barroso on Thursday announced a political deal on the EU's hotly contested 2014-2020 trillion-euro budget, hours before an EU summit mulls how to get millions of jobless youths back into the workplace.

European Union leaders reach $1.3 trillion budget deal

Last Updated: Saturday, February 09, 2013, 14:02

European Union leaders have reached a deal on 960-billion euro (USD 1.3 trillion) budget for the next seven years, averting a stand-off over 27-nation bloc's future spending.

EU budget talks inconclusive; ends without deal

Last Updated: Saturday, November 24, 2012, 10:44

German Chancellor Angela Merkel said it was no drama and the chances of a deal in early 2013 were good.

European summit in Brussels heading for collapse

Last Updated: Friday, November 23, 2012, 09:41

Angela Merkel has said that positions were still far apart and a deal this week seemed unlikely.

EU budget summit begins today

Last Updated: Thursday, November 22, 2012, 11:50

European Union chief Van Rompuy had last week tabled a draft EU budget aiming to mollify Britain, which wants deep reductions to EU spending plans.