The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.
The European Commission, the Parliament and the Council reached an agreement on the establishment of an European Labour Authority.
According to data released by the European Union's statistics agency, the unemployment rate in the eurozone remained steady at 7.9 per cent in December.
British Prime Minister Theresa May battles for her political survival as several ministers resign and members of her own party plot to oust her over a draft Brexit deal struck with Brussels.