Handelsblatt reports on the Commission’s proposals for stricter regulation and supervision of the derivatives market, to be published later in the month. According to a draft of the proposal seen by the paper, the Commission plans to take a "central role" in regulating "bilaterally traded derivatives [which] will have to be processed through a central counterparty".

A meeting today between MEPs, the European Commission and the rotating Belgian EU Presidency could pave the way for a deal on the creation of the three new European Supervisory Authorities (ESA) and the European Systemic Risk Board (ESRB), the FT reports. Die Presse claims that a final agreement is as good sealed.

In an interview with Les Echos, EU Commissioner for Budget Janusz Lewandowski has said that proposals for an EU-wide tax will be unveiled on 29 September. “In total, we are working on eight options. Some of them could create difficulties, such as the levy on financial transactions – which would affect especially London and Frankfurt – or the transfer of revenues from CO2 emission...

The Commission’s Eurobarometer poll, published yesterday, has shown that support for the EU has dropped to its lowest levels in nine years. Only 49 percent of respondents from across Europe considered membership of the EU to be a “good thing” down 4 percentage points from last years poll, while trust in the bloc's institutions has dropped to 42 percent, six points down compa...

The Telegraph reports that the EU’s budget could rise by more than £8.8 billion to £125 billion in 2013 – a 7.6 percent rise on this year’s spending levels, if European Commission’s proposals are approved. The increase will mean that the British contribution to the EU rises to £10.

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...

EUobserver reports on a study released yesterday by research firm Markit which shows that economic recovery in the eurozone is slowing down, with the gap widening between Germany and the rest of the bloc. Marco Annunziata, Chief Economist at UniCredit, is quoted in the FT arguing: “My hunch is that we will see divergences widening”.

The Sunday Telegraph reported on its front page that the number of people in Britain seized under the controversial European Arrest Warrant rose by more than 50 percent last year, according to figures obtained from the Home Office. In total 1,032 people – almost three a day – were detained and extradited by British police on the orders of European prosecutors in the 12 months to April,...

The Mail and the front page of the Express report that EU officials are in line for three pay rises - boosting their salaries by over 5 percent, over the next twelve months. The European Commission’s budget proposal for 2011 states that, “A salary increase of 2.

The frontpage of Handelsblatt reports that fear has returned in Athens, Brussels, Berlin and Washington as tax receipts for the Greek government have failed to match the expectations. In the first seven months of 2010, only 4.1 percent extra tax income for the government was created, while the EU and the IMF had been promised 13.