BRITAIN opened up the possibility of a two-speed EU with its decision to veto treaty change, isolating itself from the rest of the member states.

EUROPE is working to ramp up the fire-power of its bailout fund amid growing alarm over its slow handling of a debt crisis that threatens to derail a global economic recovery, but European policymakers disagree over the best course of action.

THE Irish economy will stagnate for 10 years but that is a much better prospect than if it were not a member of the eurozone, according to a leading European economist.

THE EU could force the Government to include borrowings to fund the toxic bank it is setting up as part of the national debt.