Eurozone finance ministers have finally approved Greece’s third debt bailout after Greek parliament endorsed the rescue package following a tough all-night debate. “New loans of up to €86 billion will be made available over the next three years to Greece,” the European Commission said in a statement on Friday after six hours of talks in the Belgian capital Brussels to nail down the painful... 

“The EU is not involved in changing the identity of people. Identity is something sacred and it should not be negotiable,” according to European Union ambassador Erwan Fouere. So why is the EU demanding that Macedonia change its name in order to gain membership? Mr. Fouere was responding to the latest European Commission report that removed references to the Macedonian language and used the term... 

Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone. The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the country’s value added tax system but asked to keep a special 30... 

Hungary has indefinitely suspended EU asylum rules under which it must take back refugees who entered Europe though Hungary, a government spokesman said. EU Commission called on for immediate explanation. “Hungary’s asylum system is overburdened, the most overburdened among EU member states affected by illegal immigration,” the spokesman said in a statement. Under the suspension... 

Athens is likely to leave the eurozone and the EU if it fails to reach an agreement to unlock a €7.2 billion bailout installment, said a statement from the Bank of Greece. “Failure to reach an agreement would, …, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country’s exit from the euro area and – most likely – from the... 

International Monetary Fund representatives have cut short negotiations with Greek officials in Brussels, after they failed to present a viable reform plan. The move has left Athens, due to repay €1.6 billion by the end June, on the edge of default. “The ball is very much in Greece’s court,” IMF spokesman Gerry Rice told the media during a specially scheduled announcement, before his team... 

France has unveiled a multibillion euro cost cutting plan to be executed over two years in order to press down its deficit below the European Union’s cap. The Finance Ministry revealed on Wednesday that the country would be shaving €9 billion (USD 9.60 billion) off costs through the plan. Accordingly, some €4 billion (USD 4.26 billion) will be trimmed from the budget this year, including through... 

Almost 1.4 million Irish residents, or 30 percent of Ireland’s population, were forced to endure “enforced deprivation” throughout 2013, the state’s Central Statistics Office (CSO) says. New figures, published on Wednesday, offer a sobering insight into the socioeconomic impacts of Austerity Ireland. The CSO’s research analyzed Irish citizens’ income and living conditions throughout... 

Russian President Vladimir Putin (L) and President of Turkey Recep Tayyip Erdogan during a meeting in the Presidential Palace in Ankara December 1, 2014. Russia is forced to withdraw from the South Stream project due to the EU’s unwillingness to support the pipeline, and gas flows will be redirected to other customers, Vladimir Putin said after talks with his Turkish counterpart, Recep Tayyip Erdogan. “We... 

Most Europeans have no idea how much they pay the EU in taxes and are unable to correctly place Baroness Catherine Ashton within the bureaucratic system, a poll performed by RT in 10 European capitals has revealed. RT correspondents interviewed nearly 200 people on the streets of Barcelona, Lisbon, Rome, Prague, Paris, Bratislava, Warsaw, Athens, London, and Berlin. Those surveyed were asked to answer... 

UK gas prices plunged to a record low on Friday following a newly signed deal between Russia, Ukraine and the European Commission. However, fuel poverty remains rife in Britain, with 2 million households unable to afford adequate heating. The newly brokered gas agreement, signed on Thursday, will cover gas supply and transit conditions between Russia, Ukraine and the EU until March 2015. The signing... 

British Prime Minister David Cameron has said that he will fight against the European Union’s demand for an extra contribution to the bloc’s budget. While addressing the British parliament on Monday, the premier said the UK would not pay “anything like” the 2.1 billion euros the EU has requested. “It is not just about the scale of the money being demanded. It is also the timetable,”... 

British Prime Minister David Cameron in a press conference in the EU headquarters in Brussels on October 24, 2014. The British prime minister says his country will refuse to pay a £1.7-billion bill demanded as budget contribution by the European Union (EU), calling the Union’s behavior “appalling.” “We are not suddenly going to take out our checkbook and write a check for two billion euros... 

Building of the Russian Ministry of Foreign Affairs on Moscow’s Smolenskaya-Sennaya Square. Moscow will take “appropriate measures” in response to possible new sanctions from the European Union, the Russian Foreign Ministry’s spokesperson said. “On many levels, the Russian leadership has made it clear that we’ll take adequate measures and our response will be absolutely comparable... 

British people are pessimistic about Prime Minister David Cameron’s ability to achieve reforms to the European Union that he promised earlier, a new poll shows. The newly-released results of a YouGov poll, conducted on June 26, showed that 42 percent of Britons do not believe the EU will be prepared to hand back any powers to member states, while another 29 percent think any concessions won...