Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said yesterday (19 October).
The two governments are working on a written agreement under which France will provide the Commission with a detailed roadmap for deficit reduction and structural reform, the weekly reported, without naming its source.
Germany's BND, the first European foreign intelligence agency to say so, has concluded that pro-Russian rebels are to blame for the downing of Malaysia Airline MH17 in Ukraine in July, Der Spiegel weekly reported yesterday (19 October).
The crash over pro-Russian rebel-held territory in eastern Ukraine on July 17 killed all 298 passengers and crew and led to a further deterioration of ties between the West and Moscow, who are in dispute over Russia's role in the Ukraine crisis.
When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.
In practice, a spirit of comprehensive compromise has been just as important.
A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial inspection of the eurozone's biggest banks shows that in the seven months since it began, the ECB has had to shoot down countless pleas from banks and national supervisors for special treatment.
Sweden yesterday (19 October) released a grainy photo of a mysterious vessel in waters around Stockholm, as its military hunted for a foreign submarine in the country's biggest such mobilisation since the Cold War.
The search in the Baltic Sea less than 50 km from the Swedish capital began on Friday. It reawakened memories of the final years of the Cold War when Sweden repeatedly hunted suspected Soviet submarines along its coast.
Despite all of the challenges Europe faced in the last ten years, the continent remains united and open, and is now stronger and better able to face globalisation, writes José Manuel Barroso.
José Manuel Barroso is the outgoing European Commission president.
Over the past ten years, the European Union has endured a series of unprecedented crises, the likes of which we are unlikely to see again. But other, no less daunting challenges lie ahead, and we would do well to remember the lessons learned along the way.
As member states present their 2015 budgets to the European Commission for examination, serious questions are being raised over the alarming state of the EU budget. President of the European Parliamentary Committee on Budgets Jean Arthuis says the Union's debts will reach €30 billion by the end of 2014.
European Commission President José Manuel Barroso will today (20 October) issue a plea to Britain not to isolate itself from Europe by picking fights over immigration, adding that EU membership boosts British international clout.
Britain's future in the 28-country trading bloc has been thrown into question by Prime Minister David Cameron, who has adopted an increasingly defiant stance on immigration to tackle the threat of the anti-EU UK Independence Party. UKIP's rising popularity threatens his bid for re-election in 2015.