The European Commission urged Slovakia Wednesday to be ready to tighten fiscal policy in response to any hike in inflation.

The European Commission warned Romania Wednesday that its mounting public deficit was now of “serious concern” and urged authorities there to adopt tighter budget targets.

France and Italy need to make “more ambitious” efforts to reduce their public deficits to avoid breaching EU rules, the European Commission said in a report on Wednesday.

The European Union warned France Wednesday against adopting a
protectionist stance to any hostile takeover bid for crisis-hit French
bank Societe Generale SA.

Societe Generale’s board of directors were set to decide the fate of under-pressure chairman Daniel Bouton on Wednesday as the European Union warned France about efforts to protect the wounded lender.

Europe’s economic fundamentals remain sound but there is no room for complacency in the face of recent global financial turmoil, five key leaders said after a mini-summit in London on Tuesday.

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Five key European leaders held a mini-summit in here late Tuesday on how to respond to recent global financial turmoil, hoping to reassure markets that Europe’s economy can stay on an even keel.

Key European leaders arrived in London Monday for a mini-summit on how
to respond to recent global financial turmoil, hoping to reassure
markets that Europe’s economy can stay on an even keel.

Spain’s political parties must take care not to make election promises
that will eliminate the country’s record budget surplus, European Union
Monetary Affairs Commissioner Joaquin Almunia said Tuesday.