EU Council president António Costa has set an end-of-year deadline for the next budget - but negotiators say there is only a "50-50 chance" of success.

EU lawmakers called the document “insufficient” and criticised proposed spending cuts of €32.8 billion. Because the budget requires Parliament’s approval, pressure is mounting to…

EU leaders will hold their first formal discussion on Friday, after the Cypriot presidency tabled the first so-called “negobox”, a draft document setting out possible spending…