The IMF announcement that it was leaving came as the European Union told leftist Greek Prime Minister Alexis Tsipras bluntly to stop gambling with his cash-strapped country’s future and take crucial decisions needed to avert a devastating default. Photograph: Stephanie Lecocq/EPA

The International Monetary Fund has dramatically raised the stakes in Greece’s stalled debt talks, announcing that its delegation had broken off negot(...)

A protester shouts at policemen during a protest by employees of Cyprus Popular Bank outside the parliament in Nicosia yesterday. The Cypriot central bank denied reports and frantic rumours  that stricken Cyprus Popular Bank, the island’s second-largest lender, is to be closed down. Photograph: Andreas Manolis/Reuters

Euro zone finance officials acknowledged being “in a mess” over Cyprus during a teleconference call on Wednesday, and discussed imposing capita(...)