EU leaders were focussing on reforms at their final summit of the year -- like boosting economic competitiveness. But so far they've only agreed on a time frame.
Global banking behemoth HSBC may relocate its headquarters to Asia from the UK. Management cited UK regulatory reforms and the specter of the UK leaving the EU as reasons.
German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras have met on the sidelines of an EU meeting on migration. Athens has asked Germany to speed up negotiations for country's bailout deal.
Greece is expected to be able to scrape together enough cash to last until June. But details of the reforms Athens is to make in exchange for its rescue loans are not expected this week.
EU leaders made a first step in emergency summit on the refugee crisis in the Mediterranean. But more needs to come because the real problem remains unsolved, says Bernd Riegert.