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Latest fromEuropean Union

Sombre start as new leader faces era of austerity
Incoming PM to test flexibility of hefty restrictions imposed by Euro bail-out

Banks just too big to fail? Iceland shows otherwise
Decision to let banks go under looks smarter by the day, in contrast to Ireland's costly bailout, reports Yalman Onaran.

Tightening the continent's belt by several notches
Finance ministers from the eurozone are meeting to consider the issue of bailouts for debt-ridden countries.

NZ websites being targeted by child porn peddlers
New Zealand is among 30 countries being targeted by child porn peddlers who are setting up links on business websites that click through to child abuse material.

EU delivers ultimatum to airports
The EU criticised airport operators yesterday for failing to deal adequately with the heavy snow and freezing weather.

Spain says 'adios' to smoky bars and cafes
Spain has become the latest country to pass an anti-smoking law for its eateries.