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The Prime Minister David Cameron said the eurozone debt crisis presents an opportunity to reform the European Union and for powers to "ebb back" from Brussels to Westminster.
Global markets received a much needed shot in the arm overnight as Italian prime minister Silvio Berlusconi's resignation offer reassured investors an end to the country's problems may be in sight.
European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the “negative spillover effects to other countries”, according to proposals for tougher regulation issued by the European Commission.
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A decision - scheduled for Sunday - on whether to boost the eurozone's €440bn rescue fund has been delayed due to fresh disagreement between France and Germany about how to address the debt crisis.
UK financial services would have more say over EU legislation if it said anything at all...
Controversy over City pay may be re-ignited by a new European directive that would force pay deals over €1m (£880,000) to be disclosed by banks.
Senior European Union (EU) officials are set to meet later on Monday to discuss the eurozone's continuing debt woes.
Influential asset manager Schroders has branded suggestions that Lloyds Banking Group sell more than the recommended 630 branches as setting “a dangerous precedent for UK banks”.
This year, new EU legislation will be introduced making regular sight tests compulsory for any employee who drives while on company business. Jill Davies investigates who will fund the cost.
“Spain is like Ireland, Portugal and Greece, only more so," warns Stuart Thomson, Chief Economist with Ignis Asset Management.
The Icelandic parliament has approved a plan to repay the UK and the Netherlands the €4bn (£3.1bn) they compensated to Icesave investors.
Rachel Hanger, partner in KPMG’s investment management & funds practice, explains the new UCITS IV legislation.
The FTSE 100 was down almost 2% this afternoon as fears over Europe’s sovereign debt woes and tighter monetary policy in China continued to weigh on investors.
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