Michael Noonan at the start of the Eurogroup finance ministers meeting at the European Convention Centre in Luxembourg. Photograph: Julien Warnand/EPA

The European Commission sounded an early warning to member states about their responsibilities under Stability and Growth Pact rules, as it advised S(...)

The general election result was a clear victory for prime minister and Social Democratic party leader Pedro Passos Coelho but the coalition no longer controls parliament. Photograph: Juan Medina/Reuters

“A right-wing government in a left-wing parliament,” was the headline in Jornal de Notícias newspaper following Sunday’s Portuguese general election. (...)

Greek prime minister Alexis Tsipras (right):  has told his electorate he will comply with the terms of the three-year bailout. Photograph:   Louisa Gouliamaki

Euro zone finance ministers gather in Luxembourg for two days of scheduled meetings that are expected be dominated by Greece, with finance minister(...)

Pedro Passos Coelho: ‘We’ve spent four years talking about finances and the economy and now everything is in order we can put the dignity back into politics.’ Photograph: Miguel A Lopes/EPA.

Tomorrow Pedro Passos Coelho will attempt to become the first prime minister of a bailed out euro-zone country to gain re-election. The conservative P(...)

Gabriel Fagan, chief economist at the Central Bank: “When you have an economy that falls very sharply, there tends to be, at some point, a sharp pick-up”. Photograph: Cyril Byrne / The Irish Times

At the launch of the Central Bank’s latest quarterly commentary, chief economist Gabriel Fagan expounded on what’s loosely known at the “elastic band (...)

European Stability Mechanism managing director Klaus Regling: ‘The Greek government should sell what has happened already – and what might have been – very positively to their electorate.’ Photograph: Julien Warnand/EPA

Peter Spiegel in Brussels The head of the euro zone’s €500 billion bailout fund has played down expectations that Greece will be granted large-scale (...)

Greece’s finance minister, Euclid Tsakalotos, said he expects to open negotiations on debt relief by the end of the year. Photograph: Kostas Tsironis/Bloomberg

Greek finance minister Euclid Tsakalotos will meet his euro zone counterparts next Monday for the first time since his country’s September 20th genera(...)

Migrants wait to cross the Serbian border into Croatia at Bapska last week. Tens of thousands have passed through there in recent weeks. Photograph: David Ramos/Getty

Though weary and far from homes they may never see again, there was relief among people walking towards the remote Croatian village of Bapska yesterd(...)

Croatian prime minister Zoran Milanovic (centre) with armed forces officers during a visit to the  migrant transit camp in Opatovac. Photograph: AFP/Getty Images

Croatia’s prime minister Zoran Milanovic has rejected the possibility of talks with Hungarian counterpart Viktor Orban over his threat to seal their c(...)

A  child sits in front of other migrants waiting for the lunch offered to them for the celebration of Eid-al-Adha in the village of Miratovac, south Serbia. Photograph: Hazir Reka/Reuters

“It is clear that the greatest tide of refugees and migrants is yet to come. Therefore we need to correct the policy of open doors and windows.” So sa(...)