Italy, Spain Face Budget Scrutiny as Euro Ministers Meet

Italy and Spain will defend their 2014 spending plans at a meeting of euro-area finance ministers today, risking a clash over economic frailties that could undermine efforts to pull the currency bloc out of a debt crisis now in its fifth year.

EU's Rehn: Italy needs political stability for reforms, growth

PARIS (Reuters) - Italy must quickly restore political stability to make the reforms it needs to return to growth, the European Union's top economic official said on Tuesday.

Euro ministers back 10 billion euro Cyprus bailout

DUBLIN (Reuters) - Euro zone finance ministers backed a 10 billion euro bailout for Cyprus on Friday and the European Commission said it would try to help the island's economy grow again with better use of EU structural funds.

Cyprus bailout talks go to wire in Brussels

NICOSIA: EU economic chief Olli Rehn warned Cyprus it was essential to reach a deal in Brussels Sunday to save its economy from imminent bankruptcy, saying "there are only hard choices left" for the country.

EU hopes for Greece bailout funds deal soon

BRUSSELS: The European Commission said Monday it hopes Greece and its international creditors will reach within days an agreement on extra measures Athens must take to get its next tranche of bailout funds.