The escalating row over the right to fish for mackerel in the north Atlantic is to be discussed at the European Parliament later.

EUobserver reports that the EU is in talks to lease the so-called ‘Triangle building’ in Brussels for its new diplomatic service, with EU Foreign Minister Catherine Ashton’s new office likely to look over the Commission and Council buildings. The Commission is expected to lease 50,000 square metres of the 60,000 square metre block for at least 15 years at a cost of around €1...

A SCOTTISH Euro MP yesterday urged an immediate European-wide blockade of all imported goods from the Faroes and Iceland in the escalating "mackerel war" over foreign

Greece will receive a €6.5bn euro loan from eurozone countries to lift its economy out of dire straits because Athens has made "impressive" cuts to public expenditure, the European Commission announced yesterday (19 August).

Dutch insurer agreed to a series of commercial controls, including a pledge not to offer the three most competitive interest rates, in return for Brussels approval of the €3bn bail-out it received during the financial crisis

Bloomberg reports that Spanish banks borrowed a record €130bn from the European Central Bank in July, accounting for 29 percent of total borrowing from the ECB. Gary Jenkins of London-based Evolution Securities Ltd is quoted saying, “The amount needed is likely to remain elevated for years to come.

EUobserver reports that a vote in the Slovakian Parliament has confirmed that the country will not help fund the €110bn eurozone bailout of Greece. Slovak MPs voted by 69 to two to refuse to take part. Speaking in Parliament, Slovak Finance Minister Ivan Miklos criticised the unfairness of poorer countries being roped in to bail out richer ones, and euro area policy makers' lack of accou...

European Voice reports that EU member states yesterday agreed a blueprint envisaging €3.6 billion in cuts to the EU budget proposed by the European Commission for 2011. However, the new total figure - €126.6 billion – still represents a 2.9 percent increase from the previous year’s budget.

Eurozone banks face a 'manageable' task to replace an estimated €1,300bn of debt finance that is due to be repaid over the next three and a half years, the European Central Bank said

Annual inflation in the eurozone rose to a 20-month high of 1.7% in July, official European Union data shows.