European Union

Barclays shares have rallied following the news the UK bank has accepted €8.2bn in three-year loans from the European Central Bank's latest lending programme.

The European Central Bank has suspended the use of Greek government bonds as collateral for institutions trying to access central bank loans, in the latest twist in the unfolding crisis.

The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.

France's minister for European affairs Jean Leonetti has signaled plans for a Europe-wide financial transaction tax are set to be legalised by the end of 2012, despite opposition from countries including the UK.

ON UK GROWTH

It is indeed ironic that it was the French Emperor, Napoleon, who once said "Never interrupt your enemy when he is making a mistake." I wonder whether this thought was echoing in David Cameron's head as he decided to use Britain's veto?

DEBT CRISIS BLOG

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

The European Union's economic affairs commissioner has warned leaders they have just ten days to save the euro.

The Prime Minister David Cameron said the eurozone debt crisis presents an opportunity to reform the European Union and for powers to "ebb back" from Brussels to Westminster.