The latest news on European Union
Europe can't continue on its current fiscal path.
Austerity took a huge economic, social and psychological toll on Europe.
Austerity causes grave damage to economic activity.
For severely indebted countries, there's no viable alternative.
Austerity backfired by making public deficits worse.
The European Union isn't necessarily ready to act in Syria, but lifting its arms embargo keeps options on the table.
EU Trade Commissioner Karel De Gucht explains why the U.S. and the European Union need stronger trade ties.
Austerity's defenders seem to have buckled under the weight of political reality.
Mass misery finally convinces European officials to drop their disastrous push for cuts.
British Prime Minister David Cameron has committed to hold a referendum on the UK's membership in the European Union