France and Germany clashed yesterday over the details of a banking union, with final agreement threatening to drag on until December, risking a return to volatility for the eurozone.

AROUND €7bn of European funds due to Hungary could be suspended if the country does not bring its budget into line with the new EU rules, Euro Commissioner Olli Rehn has warned.

TALK about a second programme or bailout for Ireland is not helpful, the European Commission has said following media speculation about the issue.

PLANS to change the EU Treaty without having to put it to a referendum were taking shape in Brussels as part of a plan to put the euro on a safer footing.