Eurozone finance ministers approved a €110bn package of emergency loans for Greece on Sunday, €80bn of which will be provided by eurozone countries, and the rest from the IMF. The loans will be co-ordinated by the European Commission, with up to €30bn of the eurozone loans available in the first year.

Berlusconi's controversial rescue plan for the troubled Italian airline, nicknamed Fenice, revealed deep divisions yesterday (3 September) between the political and technical sides of the European Commission over the plan's conformity with EU state aid rules.

In a speech to the European Policy Centre yesterday, EU Monetary Affairs Commissioner Olli Rehn said that the Commission is planning on presenting plans next month which would see eurozone governments submit their national budgets to the EU for approval, before they were sent to national parliaments.

The European Commission president challenges Berlin over its opposition to an early Greek rescue plan, insisting that this should be finalised this week to prevent further instability

A European Commission spokesperson sought yesterday (3 January) to downplay a reported plan by Greece to build a fence or a wall along its border with Turkey.

Despite Gordon's claims to the contrary, nobody seems to believe him that Britain is "best placed to weather the global financial turbulence", not the currency markets, not foreign investors and nor now the European Commission. The FT reports that the Commission is forecasting EU growth will slow from 1.4% cent this year to just 0.2% in 2009, while the eurozone economy would expand by 1.2% this ye...

An emergency multi-annual loan programme for Greece from its eurozone partners and the International Monetary Fund will be concluded in the next few days, the European Commission says

"Two weeks ago the European Commission gave the green light to Greek measures [to recover its deficits] and just a few days ago, Greece announced new measures," George Papaconstantinou said, defending his government's position three hours before facing 15 other finance ministers from the euro zone. No additional measures until March review Ahead of today's meeting of eurozone fin...

European Union finance ministers are to meet today amid grim outlooks for European economies from the Commission. The Times reports that Britain’s economy is set to contract sharper than any other large European economy, with a 2.8% contraction predicted for 2008, while the eurozone is forecast to shrink 1.

According to the second paragraph of Article 197 of the Treaty establishing the European Community (TEC), Members of the Commission may attend all meetings and shall, at their request, be heard on behalf of the Commission. Under the consolidated Treaty of Lisbon, the first paragraph of Article 230 of the Treaty on the Functioning of the European Union (TFEU) would shorten this to: The Commission m...