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• Euro countries looking at 'banking union'

  BRUSSELS -- The European Union 's executive office has called on the 17 countries in the eurozone to work closer toward a "banking union" to supervise and better manage crises in the sector. In its recommendations on how to deal with the financial crisis 7:47 AM Read more »

• Europe's leaders to tackle growth at summit

  (AP) -- The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth.On Tuesday the Organization for Ec   Read more »

• A look at economic developments around the globe

  A look at economic developments and activity in major stock markets around the world Friday:___ BRUSSELS -- Greece will get $7.7 billion in new bailout money on Monday -- the first slice of a new rescue package meant to keep the country afloat while it o   Read more »

• Political rallies fill national holiday in Hungary

  (AP) -- Hungary's prime minister launched a scathing attack on the European Union on Thursday, accusing it of colonialist behavior, disrespecting his country's sovereignty and meddling in its domestic affairs.The EU has voiced concerns about legislation   Read more »

• A look at economic developments around the globe

  A look at economic developments and activity in major stock markets around the world Wednesday:___ BRUSSELS -- Greece saw investors' participation in a massive debt relief deal rise, bringing the country closer to avoiding a default that would plunge it   Read more »

Around the web

• EC pushes for region-wide bank union

  May 30 (UPI) -- The European Commission on Wednesday proposed creation of a common backstop for banking problems, including joint protection of deposits. In calling for a region-wide "banking union," EC President Jose Manuel Barroso said, "For full confidence 1:19 PM from United Press International Read more »

• ETNO calls for public funds to help build telecoms networks

  May 30 (Reuters) - Lobbying group ETNO, whose members include Deutsche Telekom and Telecom Italia , on Wednesday urged EU governments to team up with telecoms operators to fund the roll-out of high-speed networks as the sector grapples with falling revenues. 12:44 PM from Reuters Read more »

• EU mergers and takeovers (May 30)

  May 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: -- Belgian-based AGC Glass Europe to acquire majority stake in Germany's Interpane International Glas (approved May 29) -- Geneva-based 12:42 PM from Reuters Read more »

• Is EU short on options to end violence in Syria?

  - After 15 rounds of sanctions, but split on diplomatic and military options to end the violence in Syria, Europe appears to be running short on means of plying pressure on President Bashar al-Assad's regime. Divisions over how to help end a bloody 15-month 11:09 AM from EUbusiness Read more »

• EU: Belgium May Need Extra Measures To Meet Deficit Targets

  – The European Commission Wednesday urged Belgium to keep a tight rein on its public finances in order to meet its deficit targets for this year and push through key reforms to improve competitiveness. In a report, the EU's executive said some of the challenges 10:35 AM from FOX Business Read more »