The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe.

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'We Feel Like Crying': Cypriots Lament 'Terrible' Deal

A day after Cyprus struck an 11th hour bailout deal with international creditors, economists warned of the devastating impact it would have on the Cypriot economy as ordinary Cypriots attempted to come to terms with a new reality.

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London bankers have more top earners

More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.

European Union

Cyprus Bailout 'Disaster' Risks New Euro Crisis

The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.

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