IMF downgrades growth in Italy and France, making it more difficult for either country to comply with eurozone budget rules.
The ECB is not expected to announce any new policy measures as it is still waiting to assess the impact of the unconventional measures adopted in June.
Despite warnings from the Commission, Germany's trade surplus has climbed to a historic high prompting the IMF to call on the country to boost its public investment by an annual 0.5% of gross domestic product.
EU states need to reform their bankruptcy procedures, not just their markets for labour and product, writes the director of the Centre for European Policy Studies.
Bretton Woods demonstrated that it takes a major crisis to produce a political dynamic of reform, write the professor of History at Princeton University and the director of the global economy programme at the Center for International Governance Innovation.