The U.S. economy shrank in the first quarter at the fastest pace in five years, data this week may show.
European Union President Herman Van Rompuy faced calls by EU lawmakers to wrap up consultations on the next head of the bloc’s executive arm and clear the way for the nomination of Jean-Claude Juncker over U.K. objections.
U.K. Prime Minister David Cameron will meet European Council President Herman Van Rompuy June 23 to press his opposition to the appointment of Jean-Claude Juncker as head of the European Commission.
European Union President Herman Van Rompuy ruled out issuing common bonds as a cure for the debt crisis, saying any joint borrowing should wait until European economies and budgets are better aligned.
"We have all to find a solution for not only the nomination of the president of the European Commission."
- Van Rompuy on Jun 10, 2014