Britain contributes far more to the budget of the European Union than it receives in subsidies for agriculture and infrastructure. Its prime minister wants to freeze the budget where it is.

This weekend, voters in both France and Greece will go to the polls, and the expectation is that they'll be in a bit of an anti-austerity mood. One clue came yesterday in the U.K. where voters delivered big losses to the ruling Conservative party.

Several of Europe's biggest banks are reporting billion dollar losses today and yet, banks are handing out billions in bonuses and getting a lot of flack for it.

Marketplace foreign editor John Buckley discusses how Cameron's rejection of Europe's plan has helped his party in the polls.

Britain was the only EU member not to agree to the new treaty signed last week. How will that affect relations going forward?

British PM David Cameron today told lawmakers in parliament why he didn’t sign on last week to the European Union’s fiscal union plan.

Britain emerged from last week's European summit refusing to make a deal with the rest of Europe. Many Brits are happy with the choice, but others fear the long-term consequences.

The United Kingdom walked away from an agreement with the rest of Europe to adhere to more fiscal scrutiny. The country's prime minister says the decision was to protect the financial sector of the country.

A deal was reached among the majority of countries in the European Union at today's summit, but a few countries are sticking on the sidelines.