As eurozone leaders prepare to meet in Brussels tomorrow (7 May) to back a bailout mechanism for debt-laden Greece, the European Commission is considering new policy measures to prevent public debt from exceeding acceptable limits. 

While hundreds of demonstrators took the streets in Greece yesterday (4 May) and international stock and bond markets sank, the European Commission tried to reassure investors that the multi-billion euro loan package, approved last weekend to help Greece tackle its debt problem, will be able to go forward without the approval of every eurozone member state. 

The European Commission closed an antitrust case against E.ON AG Wednesday (26 November) by formally accepting the German energy giant's commitment to selling a fifth of its power generation capacity along with its extra-high voltage distribution network.

Amid financial and political turmoil, Greece now also faces accusations from the European Commission that figures on the country's public debt are unreliable and belie the country's true debt burden.

The European Commission has raised its forecast for European economic growth next year, but said the recovery from recession would come at the price of record-high budget deficits and public debt

The Commission's assessment will be closely watched by financial markets as they weigh Greece's credibility as a debtor. Sharp upward revisions to Greek deficit and debt figures last year led to ratings downgrades and sent yields soaring. "The Commission has assessed the programme. The envisaged correction of the deficit is feasible but subject to risks," Commission President Jos...

The European Parliament yesterday (15 November) cast an overwhelming vote against financial markets as it rubber-stamped a bill to curb short-selling and trading in credit default swaps (CDS),  blamed for fuelling speculation on sovereign debt and exacerbating Greece's debt woes.  More »

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...

The European Commission urges European Union governments to reach an explicit agreement next week on a financial standby facility for Greece to help it overcome its debt crisis

European Commission experts are hard at work identifying ways to help Greece and stabilise Europe's monetary union