The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.
The European Commission has formally put Italy on notice about its deteriorating deficit and snowballing debt, re-opening a political battle with populist-led Rome
The European Court of Auditors has published a report criticizing the European Commission for their handling of the fight against fraud in EU spending.
Italian lawmakers have approved a revised 2019 budget after the populist government's initial plan faced stiff opposition from EU officials and a cool reception in financial markets.
Germany and France will reportedly seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions.
Brussels has officially rejected Italy's big-spending budget, clearing the path for unprecedented sanctions and deepening a bitter row with Rome's populist government.
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