EU foreign ministers will discuss action on migration across the Mediterranean at a meeting in Luxembourg today. As many as 700 people are feared dead after a fishing boat packed with migrants capsized off the Libyan coast over the weekend.
Italy's lower house approved Prime Minister Matteo Renzi's tax-cutting 2015 budget on Sunday. It will now move on to the Senate, where it must be passed by the end of the year. The budget is at the centre of a tussle with the European Commission, which says it does not do enough to reduce the country's huge public debt.
After European Central Bank chief Mario Draghi managed to mend fences and get his colleagues to sign up to his 1 trillion euros or so target to push into the ailing euro zone economy, Paris hosts its version of the Jackson Hole central bankers meeting.