Germany offers Armenia, Azerbaijan, Georgia, Ukraine and Moldova to establish privileged relationship with the European Union. An Eastern European Union may be formed by example of Mediterranean Union, MEP Ingo Friedrich said.

Having examined its updated convergence programme[1], the European Commission finds that Sweden’s budgetary stance is a sound one as it has surpassed its medium-term objective, a surplus of 1% of GDP, by a large margin and plans for equally safe positions in the years ahead. The pace of fiscal consolidation in the United Kingdom appears insufficient and should be strengthened significantly.