The European Commission has urged Italy to step up its austerity efforts to avoid sanctions. The country's debt is far above the limit allowed by Brussels.
The European Commission is suing eastern member states for failing to fulfill their legal obligations in accepting a share of asylum seekers. The defendants claim that the EU is interfering with their sovereignty.
No refugees, new regulations and more sovereignty? How long will Viktor Orban's government keep playing the bad boy in Brussels? Tim Sebastian meets international government spokesman Zoltan Kovacs.
Italy's debt-ridden lender Monte dei Paschi di Siena has reported a net profit, signaling it's seeing better times after being rescued from the brink of collapse. A debt swap helped the bank return to the black.
Italy has said the European Central Bank’s approach to reducing non-performing loans in the EU is problematic. The country's banks have the most bad loans in the bloc and Rome wants a slow reduction.
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