Eurozone Close to Budget Compromise, Rise by 2.9 % to €132.8bn, €124m Above 2.8 % Rise Previously Offered

Eurozone economic news, European Union divided over banking union, Euro Bloc leaders find it hard to put principles into practice. Odd are lengthening on meeting deadline for giving supervision responsibilities to ECB

Meanwhile, Schäuble puts brake on bank union plan, German minister's objections come a week before EU summit and raise prospect of delay to establishing single eurozone banking supervisor

European Union close to budget compromise, Deal calls for next year's payments to rise by 2.9 per cent to €132.8bn, €124m above the 2.8 per cent rise previously offered

Latest update about long road to a single European Union bank regulator, Financial unity in the eurozone must overcome strong national interests in a move that would create winners and losers among the region's banks

Politic news about EU and Israel, Rift with Europe spells danger for Israel, The recent diplomatic flare-up between the EU and Israel is the culmination of a slow-burning process of alienation driven by political shifts on both sides, writes Tobias Buck

News from Car carbon in European, Carmakers 'on track with EU carbon goals', Environmental pressure group says their findings conflict with company claims that it would be difficult to meet emissions standards

Meanwhile, Johnson calls for rethink on Europe, Conservative London mayor calls on Cameron's government to pare back support for greater moves to banking and fiscal union among eurozone countries