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EU economic disparities no cause for gloom
Stark economic differences within the eurozone reflect normal adjustment processes and are not a problem for policymakers, says a member of the ECB governing council
Executive pay attacked as ‘scandalous’
European Union senior economic policymakers condemned the awards because they come at a time when ordinary employees are under pressure to accept modest wage deals
Brussels boosts pension regime plans
A big obstacle to the successful launch of new personal pension accounts appears to have been removed, potentially generating billions of pounds of extra business for pension providers
EU to tighten screw on Tehran bank
Bank Melli, Iran’s biggest commercial bank, is set to be banned from operating in the European Union under proposals in the final stages of discussion in Brussels
Comment: Europe needs a single market for gas
An integrated, flexible market would create a better position from which to speak with one voice to Moscow, writes Pierre Noël
Loopholes exposed in savings directive
The European Commission will present a report on how the use of trusts, foundations and other investment vehicles is circumventing a landmark taxation directive
Open skies negotiators check in for round two
The European Union and the US will lock horns in Slovenia in a renewed attempt to break down long-standing barriers to a full liberalisation of transatlantic aviation
Italy pushes for reform of Schengen deals
Franco Frattini, foreign minister, insisted that Rome would act within EU law. However, he told the Financial Times he believed the agreements on open borders needed ‘updating’
EU to rule out new piracy laws
Charlie McCreevy, the internal markets commissioner, is expected to tell business leaders in Brussels that further legislation would not solve the ‘pernicious’ problem
Brussels probes Microsoft on schools’ costs
European competition authorities are to look into allegations by Becta that practices by the software company have restricted choice and driven up costs
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Comment and analysis
The global euro needs stronger institutions

Institutions matter. They create their own agendas. Nobody knows this better than the European Commission itself, writes Wolfgang Münchau

Brussels 












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