In the wake of non-enforcement of fines for failing to hit fiscal deficit targets Daniel Gros discovers that EU member states prioritise domestic political imperatives over common rules

Failure to impose fiscal rules means the new European Commission is in danger of losing its authority, writes Daniel Gros

England will always matter to the English.

THE euro fell against the dollar last week, partly because of rising US interest rates, but also due to an agreement struck by EU finance ministers last weekend.

THE International Monetary Fund (IMF) has warned that the recovery in Europe's economy will take longer than expected.