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EU questions budgets of seven eurozone countries

Belgium, Portugal, Spain and Lithuania, whose budgets were flagged for different reasons, have also been sent letters by the EU executive seeking explanations. 

France warns UK it will be inflexible over Brexit

France warns UK it will be inflexible over Brexit

French Economy Minister Emmanuel Macron said Saturday the EU should act quickly and firmly if Britain votes next week to leave the European Union.

EU budget for 2015 clears last hurdle

The European Union on Wednesday adopted a budget for next year that contains seed money to launch the new commission`s investment plan to revive the bloc`s economy.

EU states, parliament agree new 2015 budget

EU member states and the European parliament said Tuesday they have reached a deal on a new 2015 budget for the 28-country bloc after bridging gaps that threatened to scupper a deal.

Britain risks fines if it refuses to pay EU bill: Commission

Britain must contribute an extra 2.1 billion euros ($2.66 billion) to the EU budget or face fines, the European Commission said on Monday.

European Union leaders reach $1.3 trillion budget deal

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

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

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

EU budget summit begins today

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.